United States Steel (X) stockholder Ancora Holdings Group said late Monday it has called on the steelmaker's board to delay its 2025 annual stockholder meeting, which is currently scheduled for May 6, amid recent developments surrounding the company's blocked sale to Japan's Nippon Steel.
Ancora said US President Donald Trump has directed the Committee on Foreign Investment in the US to complete a new transaction review within 45 days, adding the investigation will provide clarity on the potential deal.
"Ancora and our director candidates have no intention of standing in the way of the $55-per-share Nippon deal," the stockholder said. "We simply believe stockholders should have complete information regarding the merger before casting their votes on the future of US Steel."
US Steel did not immediately respond to MT Newswires' request for comment.
The company's shares were up 2.2% in recent premarket activity Tuesday.
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