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Cleveland-based activist investor Ancora is pushing for U.S. Steel to elect a new board of directors that would stop its ...
It is owned by U.S. Steel and is part of the last three steel plants near Pittsburgh, Pennsylvania. (Salena Zito/Washington Examiner) “It is my solemn responsibility as president to ensure that ...
Adding to the drama, Ancora Holdings, a Cleveland-based asset manager, has acquired a stake in U.S. Steel and nominated a slate of directors and a candidate for CEO who advocate keeping the fabled ...
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday ...
President Joe Biden announced he was suspending the purchase of U.S. Steel by Japan’s Nippon Steel, citing the sale as a ...
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden has decided to officially block Nippon Steel's proposed $14.9-billion purchase of U.S. Steel, a person familiar with the decision said on ...
U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden ...
Some critics have chafed at the decision to reject Nippon Steel’s bid for U.S. Steel, saying Washington was treating Japan like it does China, a potential adversary. “When is an ally not a ...
The Washington Post reports that this week, “Nippon Steel offered a 10-year guarantee that it would not reduce production capacity at U.S. Steel’s mills in Pennsylvania, Indiana, Alabama ...