US Steel pressured by Ancora to drop Nippon merger, oust CEO
In This Article:
US Steel (X) shares are under pressure as activist investor Ancora Holdings is pushing US Steel to drop its blocked merger with Nippon Steel (NPSCY, 5401.T). Ancora Holdings is also pushing for US Steel to get a new CEO and additional board members.
US Steel is resisting, claiming Ancora's interests don’t align with those of its stockholders and calling into question the motives behind the leadership push.
Seana Smith and Alexandra Canal outline the details on Catalysts.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Josh Lynch
Related Videos
Terms and Privacy Policy