Activist Ancora to Push U.S. Steel to drop merger with Nippon Steel, oust CEO, WSJ reports
ReutersJan 27, 2025 1:11 AM
Jan 26 (Reuters) - Activist investor Ancora Holdings is preparing to wage a proxy battle at U.S. Steel X.N X and wants the company to drop its merger agreement with Nippon Steel 5401.T, the Wall Street Journal reported on Sunday.
Ancora intends to rally shareholders around a plan to oust U.S. Steel's top boss David Burritt, the report said, citing sources.
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