US Steel (X) investor Ancora Holdings urged US Steel Monday to end its merger agreement with Nippon Steel and take the $565 million breakup fee.
The asset manager also urged US Steel to "finally engage with Ancora," saying its director nominees and chief executive candidate Alan Kestenbaum are ready to execute a turnaround plan, which includes reinvesting in US Steel's legacy blast furnaces and using the breakup fee to offset capital costs.
Ancora said the proposed merger with Nippon "has no chance of being resurrected" after President Donald Trump's recent comments opposing the sale.
US Steel did not immediately respond to MT Newswires' request for comment.
Shares of US Steel were up about 5% in recent Monday premarket activity.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。