Activist Ancora to push US Steel to drop Nippon merger and oust CEO, WSJ reports
- Posted on January 27, 2025
- By Business News Today
- 6 Views
Activist Ancora to push US Steel to drop Nippon merger and oust CEO, WSJ reports
Activist investor Ancora Holdings plans a proxy battle at U.S. Steel, urging the company to abandon its merger with Japan's Nippon Steel. Ancora also seeks the removal of CEO David Burritt and has nominated nine new board candidates, including ex-Stelco CEO Alan Kestenbaum.
