U.S. Steel posts muted quarterly results amid Nippon deal snag
U.S. Steel reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy demand environment.
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 Biden administration.
U.S. Steel and an activist investor are sparring over Nippon sale
U.S. Steel yesterday disavowed a push from activist investor Ancora Holdings to drop its proposed sale to Japan's Nippon Steel Co. Why it matters: The future of the Pittsburgh icon is in limbo after a proposal to sell the company to Nippon was blocked by then-President Biden four weeks ago,
Investor seeks to quash U.S. Steel-Nippon deal after taking stake in Pittsburgh company
Ancora Holdings Group said the board of U.S. Steel and its CEO have prioritized the sale to Nippon because they stand to profit if it goes forward.
New player arrives in U.S. 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.
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.
Activist investor Ancora calls for new leadership at U.S. Steel
Activist investor Ancora called for a shakeup in U.S. Steel leadership on Monday and adding new members to the board of directors after the company's failed sale to Nippon Steel.
Shareholder to push U.S. Steel to drop merger with Nippon Steel, oust CEO
Activist U.S. Steel investor Ancora Holdings is pushing U.S. Steel to drop its merger agreement with Nippon Steel.
U.S. Steel rebuffs activist fund's bid to hamper Nippon Steel deal
United States Steel Corp. on Monday rebuffed activist investor Ancora Holdings' proposal for a board shakeup aimed at thwarting Nippon Steel Corp.'s plan to buy out the U.S. steelmaker. The announcement came after The Wall Street Journal reported that Ancora,
Nippon Steel launches $456 mln bid to acquire Sanyo Special Steel
Nippon Steel will launch a $456 million tender offer to make Sanyo Special Steel a wholly owned unit, Japan's biggest steelmaker said on Friday.
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A Case For and Against Nippon's U.S. Steel Acquisition
President Biden’s decision to block the purchase of U.S. Steel by Japan’s Nippon Steel constitutes a legally questionable use ...
Nippon, US Steel appeal against Biden ruling starts Monday
Nippon Steel and US Steel's court appeal starts on Monday, with the companies seeking to overturn a ruling that blocks their merger plan. Amid the legal fight, poor earnings at US Steel indicate the ...
U.S. Steel Tempers Profit Outlook on Steel-Market Doldrums
U.S. Steel is fighting in court to save its sale to Tokyo-based Nippon Steel, while dealing with an activist investor aiming to replace its CEO. And on Thursday, it forecast profits continuing to ...
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Nippon Steel to sue U.S. over Biden’s order to block acquisition
Nippon Steel Corp. plans to file a lawsuit against the U.S. government in response to outgoing President Joe Biden’s decision to block its proposed $14 billion (2 trillion yen) takeover of U.S ...
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US Steel Stock Steady Ahead Of Q4 Earnings As Investors Watch For Acquisition Updates: Retail Sentiment Divided
Shares of U.S. Steel Corp. (X) held steady with gains of nearly 0.5% in morning trade on Thursday as investors keep their ...
Court rules Sanjeev Gupta owes $53mn to rival steelmakers
London’s High Court has ruled that a company in Sanjeev Gupta’s beleaguered metals empire owes $53mn to a joint venture between ArcelorMittal and Nippon Steel.
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Nippon Steel sets sights on overseas market in its bid to acquire US Steel
KASHIMA--The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel. “We can’t expect demand ...