US Steel (X) reiterates commitment to maximising value for shareholders; remains confident that its partnership with Nippon Steel (NPSCY) is the best deal
- Adds that activist investor Ancora's interests are not aligned with all US Steel shareholders
Analysis details (11:02)
- The statement follows news that activist investor Ancora Holdings has nominated nine candidates for US Steel’s board and is urging the company to cancel its acquisition by Nippon Steel. Ancora also wants Alan Kestenbaum to replace CEO David Burritt.
27 Jan 2025 - 11:01- - Source: Newswires
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