U.S. Steel Urges Shareholders to Reject Activist Investor Ancora's Plan

MT Newswires Live

Apr 09

U.S. Steel (X) late Tuesday criticized a plan unveiled by activist investor Ancora Catalyst Institutional as "inconsistent" and "unrealistic," urging shareholders to vote against its board nominees at an upcoming annual meeting.

"After consistently opposing the deal with Nippon Steel, Ancora and its nominees in desperation have suddenly changed their tune and now claim to hope the transaction worth $55 per share in cash is completed," the steelmaker said. "Ancora's flip-flopping on the Nippon Steel deal should make U. S. Steel stockholders even more skeptical of Ancora's true motives."

The company called Ancora's proxy contest "baseless, self-serving, and value-destructive."

Ancora did not immediately reply to MT Newswires' request for comment.

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S. Steel stockholders even more skeptical of Ancora's true motives.\"</p><p>The company called Ancora's proxy contest \"baseless, self-serving, and value-destructive.\"</p><p>Ancora did not immediately reply to MT Newswires' request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"钢铁","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2526338710","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526338710","pubTimestamp":1744185883,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Steel stockholders even more skeptical of Ancora's true motives.\"The company called Ancora's proxy contest \"baseless, self-serving, and value-destructive.\"Ancora did not immediately reply to MT Newswires' request for comment.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4006":"钢铁","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4516":"特朗普概念","X":"美国钢铁","BK4520":"美国基建股"},"translate_title":"美国钢铁公司敦促股东拒绝激进投资者安科拉的计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"X":1},"content_text":"U.S. Steel (X) late Tuesday criticized a plan unveiled by activist investor Ancora Catalyst Institutional as \"inconsistent\" and \"unrealistic,\" urging shareholders to vote against its board nominees at an upcoming annual meeting.\"After consistently opposing the deal with Nippon Steel, Ancora and its nominees in desperation have suddenly changed their tune and now claim to hope the transaction worth $55 per share in cash is completed,\" the steelmaker said. \"Ancora's flip-flopping on the Nippon Steel deal should make U. S. Steel stockholders even more skeptical of Ancora's true motives.\"The company called Ancora's proxy contest \"baseless, self-serving, and value-destructive.\"Ancora did not immediately reply to MT Newswires' request for comment.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}