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Activist investor wants US Steel to drop Nippon deal

US Steel said Ancora’s interests are not aligned with all shareholders

Isabeau van Halm
Employees working at the US Steel Gary Works pig iron caster.

Employees working at the US Steel Gary Works pig iron caster. | Credits: US Steel

Activist investor Ancora wants US Steel shareholders to reject the takeover by Nippon Steel, the Wall Street Journal reported on Sunday. Insiders said Ancora, which has an approximately 0.18% stake...

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