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CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), a shareholder of United States Steel Corporation (NYSE: X) (“U.S. Steel” or the “Company”), today issued a letter to the Company's Board of Directors (the “Board”) regarding the need to delay the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) in light of the tremendous uncertainty related to the blocked sale to Nippon Steel Corporation (“Nippon”). A copy of the letter can be.
The steel maker reported weaker-than-expected earnings.
Nippon Steel President Tadashi Imai said on Tuesday talks are set to start with the U.S. Department of Commerce as it aims to revive its bid to purchase U.S. Steel.
United States Steel (X -2.84%), which is usually just called U.S. Steel, is an iconic name in the global steel industry. But sadly, it's no longer an industry-leading company.
Activist investor Ancora Holdings is demanding access to records from U.S. Steel , ranging from board minutes to financial documents, as it ratchets up a campaign to replace some of the company's board members and chief executive, according to a letter seen by Reuters.
Investors looking for stocks in the Steel - Producers sector might want to consider either ArcelorMittal (MT) or United States Steel (X). But which of these two companies is the best option for those looking for undervalued stocks?
Japanese Prime Minister Shigeru Ishiba said on Monday the decision by a United States government review board and then-President Joe Biden to block Nippon Steel's acquisition of U.S. Steel was "unjust political interference."
Seeing as steel production is likely to increase in the U.S., it may be a worthy topic of which stock is the better investment at the moment between United States Steel (X) and Nucor (NUE).
U.S. President Donald Trump on Friday said he wouldn't mind if Japan's Nippon Steel took a minority stake in U.S. Steel.
There comes a time every once in a cycle when the market gets too invested in either a bullish or bearish view, and just like any other physical marketplace, the stock market can then trigger a major shift to the opposite end of this concentrated view. Investors can imagine the bottlenecks and mania that would be caused by this shift, which is why keeping track of sentiment gauges is so important.