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Activist Ancora drops U.S. Steel campaign

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Nippon Steel’s $15 billion bid to acquire U.S. Steel, launched in 2023, may finally be dead after President Donald Trump said he’d rather see the company remain under U.S.-based ownership.
From MarketWatch
U.S. Steel shares tumbled more than 11% in after-hours trading.
From Wall Street Journal
If the Nippon deal does fall through, however, Ancora said that it had another turnaround plan in place which would include U.S. Steel exploring a sale of its non-union Big River assets, which it esti...
From Business Insider

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Is the Nippon Steel bid dead? Here’s the latest as U.S. Steel’s stock plunges again.
Nippon Steel’s $15 billion bid to acquire U.S. Steel, launched in 2023, may finally be dead after President Donald Trump said he’d rather see the company remain under U.S.-based ownership.
Activist Ancora drops U.S. Steel campaign after Trump orders review of Nippon Steel bid
Investment firm Ancora Holdings on Wednesday walked away from a bitter board room fight with U.S. Steel, days after President Donald Trump signalled the iconic American company might be taken over by a Japanese rival after all.
Trump Orders New Review of Nippon-U.S. Steel Merger
The White House said the review is meant to assist the president in determining whether further action would be appropriate.
Trump Pushes Back on U.S. Steel Sale, Sending Shares Tumbling
President Trump on Wednesday ratcheted up long-running tensions around the fate of U.S. Steel, reiterating that the steelmaker should remain an American company. U.S. Steel shares tumbled more than 11% in after-hours trading.
US Steel hits 52-week high after Trump orders new security review of Nippon Steel bid
Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel’s proposed bid to buy U.S. Steel for nearly $15 billion
Reports: Trump voices opposition to Nippon purchase of U.S. Steel
Shares of United Steel Corp. Steel fell Wednesday after President Donald Trump renewed his opposition to the sale of the American steel producer to Japan’s Nippon Steel Corp., according to published reports.
U.S. Steel Stock (X) Climbs as “Flip-Flop” Investor Now Backs $14.9B Nippon Steel Merger
Shares in U.S. Steel (X) were stronger today after activist investor Ancora Holdings said it had changed its mind and now backed the planned
US Steel sinks after Trump says 'special company' should not go to Japan
US Steel (NYSE:X) -15.2% post-market Wednesday after President Trump said he does not want to see the company taken over by Japan. "We love Japan but US Steel is a very special company," Trump reportedly said.
Activist Ancora suspends proxy battle with U.S. Steel as Nippon deal approval seems likely
Activist investor Ancora suspends proxy battle with U.S. Steel, citing growing expectations of Trump administration approval for Nippon Steel merger.
White House requests review of Nippon Steel merger in possible revival move
U.S. Steel stock increased more than 16% in reaction to the decision to review the proposed merger with Nippon Steel for a second time.
Nippon Steel, Tier IV collaborate to automate heavy duty transportation
Nippon Steel (NPSCY) and Tier IV are working together to automate steel transportation with heavy-duty autonomous vehicles, aiming to deploy
Ancora Says Its US Steel Turnaround Plan Worth $75 a Share
Ancora Holdings Group unveiled a turnaround plan for United States Steel Corp. it estimates would deliver more than $75 per-share in value to shareholders if a takeover by Nippon Steel Corp. falls through.
Crain's Cleveland Business1d
Billionaire Alan Kestenbaum leverages wealth in U.S. Steel CEO bid backed by Ancora
United States Steel Corp. has faced an uncertain future since its $14.1 billion takeover by Japanese buyer Nippon Steel Corp. was blocked in the waning days of Joe Biden’s presidential term. Amid the fallout, an activist bidder and a celebrated turnaround artist are joining forces to pitch investors on a proposal to revitalize U.S. Steel.
Why U.S. Steel Stock Surged 14% in a Turbulent Market Today
President Trump opens the door for the U.S. Steel buyout offer Both former President Biden and President Trump have previously expressed their opposition to Nippon Steel buying the iconic U.S. steelmaker.
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Trump says he doesn't want US Steel in Japanese hands
U.S. President Donald Trump said on Wednesday he does not want U.S. Steel Corp to go to Japan, suggesting he does not support Nippon Steel's $14 billion bid for the American steel producer. Julian Satterthwaite reports.
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