New player arrives in US Steel-Nippon takeover saga with the goal of quashing it
An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.
Ancora seeks US Steel to abandon Nippon Steel deal, overhaul leadership - WSJ
Ancora has nominated nine nominees for U.S. Steel’s 12-member board including former Stelco (TSX: STLC) CEO Alan Kestenbaum, who previously revitalized the Canadian steelmaker before its acquisition by Cleveland-Cliffs (NYSE: CLF ), according to the report.
Asset Manager Challenges Nippon Steel's Takeover of US Steel
An asset manager, Ancora, is challenging Nippon Steel's proposed takeover of U.S. Steel, calling for new leadership at the steelmaker after acquiring a small stake in the company. U.S. Steel is one of the major producers of steel in the U.
Investor seeks to quash US Steel-Nippon deal after taking stake in US steelmaker
An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.
Ancora Challenges Nippon Steel's US Steel Takeover
The asset management firm Ancora is challenging Nippon Steel's proposed acquisition of US Steel following its purchase of a 0.18% stake in the American company. Ancora has accused the US Steel board and CEO David Burritt of pushing the $15 billion deal with Nippon Steel due to a potential $100 million windfall they'll receive if the deal closes.
Hearing on Nippon Steel's lawsuit over U.S. Steel bid set for Feb-March, Kyodo says
The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is ...
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Biden blocks sale of U.S. Steel to Japan's Nippon Steel
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, dealing a probably fatal blow to the ...
The New York Times25d
Why Japan Won’t Stop Trying to Invest in the U.S.
By River Akira Davis Reporting from Tokyo As signs emerged that President Biden was gearing up to stop the Japanese steel maker Nippon Steel from acquiring Pittsburgh-based U.S. Steel, top ...
The Associated Press on MSN16d
A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden
Eiji Hashimoto, chairman and CEO of Nippon Steel Corporation, attends a press conference at their company headquarters ...
Reuters23d
Despite Nippon Steel, US and Japan say ties stronger than ever
TOKYO/WASHINGTON, Jan 7 (Reuters ... Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel "perplexing." Biden's move last Friday was a jolt to U.S. efforts to boost ...
Activist Investor Seeks to Oust U.S. Steel Chief Over Nippon Deal
The two steel makers are seeking to revive Nippon Steel’s $14 billion takeover of U.S. Steel after it was blocked by the ...
Yahoo Finance26d
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially ...
Nikkei Asia6d
Nippon Steel-U.S. Steel deal faces uphill battle in court
TOKYO -- As Nippon Steel and U.S. Steel pursue legal action to realize their much-contested acquisition plan, they face a daunting battle in the courtroom, as well as a potential competing bid ...