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,
Ancora nominates nine candidates to U.S. Steel board, pushes to end Nippon deal
Activist investor Ancora has nominated nine candidates to U.S. Steel's board of directors, as it looks to oust company CEO David Burritt and push the American steelmaker to back out of a $14.9 billion merger deal with Japan's 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.
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.S., employing more than 20,000 people in this a strategically important industry.
Activist Ancora to Push U.S. Steel to Drop Nippon Merger and Oust CEO, WSJ Reports
The exact size of Ancora's stake in U.S. Steel could not be determined. The activist investor also intends to rally shareholders around a plan to oust U.S. Steel's top boss David Burritt, the report said.
Why activist investor Ancora Holdings wants US Steel to drop Nippon merger?
Activist investor Ancora Holdings has acquired a stake in US Steel and urged the steelmaker to drop its merger with Japan's Nippon Steel.
Cleveland-based activist Ancora seeks U.S. Steel board revamp, end of Nippon deal
Cleveland-Cliffs Inc. was among several steelmakers that participated in an auction for U.S. Steel in 2023 before being outbid by Nippon Steel. Cleveland-Cliffs is now partnering with Nucor Corp. to weigh a potential joint bid for US Steel, Bloomberg News has reported.
Asset Manager Seeks to Quash US Steel-Nippon Deal After Taking Stake in US Steelmaker
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
New player arrives in US 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 ...
Hearing on Nippon Steel's lawsuit over U.S. Steel bid set for Feb-March, Kyodo says
The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is ...
Nippon Life Is Said to Revamp Overseas Business After M&A Spree
Nippon Life Insurance Co. will reorganize its overseas operations to better monitor risks from its recent spate of ...
gematsu3d
Nippon Ichi Software president Tetsuhisa Seko dies at age 54
Nippon Ichi Software president Tetsuhisa Seko has passed away at the age of 54, the company announced. Seko joined Nippon ...
MOH Nippon appoints new executive director
LONDON - MOH Nippon Plc (LSE: MOH), a Japan-based crowdfunding service provider for real estate investment, announced today the appointment of Ms. Jinyan Ma, known as Scarlett, as Director of Investor ...
Nippon Paint Earns 2024 Outlook Business Award, For Sustainability In Automotive Paint Technology
Nippon Paint India's Auto Refinish Division has earned the 2024 Outlook Business Spotlight Achievers Award for Sustainability in Automotive Paint Technology.
Nippon Standalone December 2024 Net Sales at Rs 545.44 crore, up 39.03% Y-o-Y
Quarterly Net Profit at Rs. 296.09 crore in December 2024 up 11.88% from Rs. 264.66 crore in December 2023. EBITDA stands at ...
Nippon Life slides as Q3 PAT drops 18% QoQ
On a year-on-year basis, the company's consolidated net profit rose 3.90% while total income advanced 13.74% in Q3 FY25. PBT climbed 9.40% YoY. Core operating profit stood at Rs 376.3 crore in Q3 FY25 ...