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U.S. Steel slides after Trump says he doesn't want to see co go to Japan

ReutersApr 9, 2025 9:09 PM

United States Steel's X.N shares slides 14.1% to $38.73 in post-market trading after President Trump says he doesn't want to see it go to Japan

On Mon, Trump ordered a fresh review on Nippon Steel's 5401.T bid for U.S. Steel to help determine if "further action" is appropriate

Meanwhile, activist investor Ancora on Weds said it withdraws its nomination of director candidates at U.S. Steel

Ancora in Jan nominated nine candidates to the steelmaker's board, as it opposed the deal and was looking to oust company CEO David Burritt

X shares finished up 2.5% at $45.14 on Weds, extending YTD gain to ~33%

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