U.S. Steel Calls Ancora's Growth Plan an 'Unrealistic Pipedream'

Dow Jones

09 Apr

By Connor Hart

U.S. Steel called activist investor Ancora's plan to boost its stock price "an unrealistic, distant future value pipedream rooted firmly in fiction."

The steelmaker's comments came after Ancora earlier in the day Tuesday said it believed that the execution of its strategy--as well as the appointment of its nominees to U.S. Steel's board--could result in boosting the value of the company's shares to over $75 apiece.

U.S. Steel said Ancora's plan is contradictory, full of unfounded assumptions and reminiscent of Cleveland Cliffs' failed growth strategy.

"Ancora's newly unveiled, last-minute 'plan' is inconsistent at best and begets the critical question: If Ancora now believes their plan would deliver $75+ per share, why are they suddenly also supporting a $55 per share cash deal with Nippon Steel?" U.S. Steel 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 clash comes a day after President Trump ordered a new national security review of Nippon Steel's $14 billion plan to acquire U.S. Steel, offering new life for the deal that former President Joe Biden blocked.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 08, 2025 20:01 ET (00:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Steel stockholders even more skeptical of Ancora's true motives.\" \n</p>\n<p>\n  The clash comes a day after President Trump ordered a new national security review of Nippon Steel's $14 billion plan to acquire U.S. Steel, offering new life for the deal that former President Joe Biden blocked. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 08, 2025 20:01 ET (00:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Steel Calls Ancora's Growth Plan an 'Unrealistic Pipedream'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Steel Calls Ancora's Growth Plan an 'Unrealistic Pipedream'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-09 08:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Connor Hart \n</p>\n<p>\n  U.S. Steel called activist investor Ancora's plan to boost its stock price \"an unrealistic, distant future value pipedream rooted firmly in fiction.\" \n</p>\n<p>\n  The steelmaker's comments came after Ancora earlier in the day Tuesday said it believed that the execution of its strategy--as well as the appointment of its nominees to U.S. Steel's board--could result in boosting the value of the company's shares to over $75 apiece. \n</p>\n<p>\n  U.S. Steel said Ancora's plan is contradictory, full of unfounded assumptions and reminiscent of Cleveland Cliffs' failed growth strategy. \n</p>\n<p>\n  \"Ancora's newly unveiled, last-minute 'plan' is inconsistent at best and begets the critical question: If Ancora now believes their plan would deliver $75+ per share, why are they suddenly also supporting a $55 per share cash deal with Nippon Steel?\" U.S. Steel said. \"Ancora's flip-flopping on the Nippon Steel deal should make U. S. Steel stockholders even more skeptical of Ancora's true motives.\" \n</p>\n<p>\n  The clash comes a day after President Trump ordered a new national security review of Nippon Steel's $14 billion plan to acquire U.S. Steel, offering new life for the deal that former President Joe Biden blocked. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 08, 2025 20:01 ET (00:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"X","symbol_name":"美国钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526819820","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526819820","pubTimestamp":1744156860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"U.S. Steel called activist investor Ancora's plan to boost its stock price \"an unrealistic, distant future value pipedream rooted firmly in fiction.\". The steelmaker's comments came after Ancora earlier in the day Tuesday said it believed that the execution of its strategy--as well as the appointment of its nominees to U.S. Steel's board--could result in boosting the value of the company's shares to over $75 apiece.U.S. Steel said Ancora's plan is contradictory, full of unfounded assumptions and reminiscent of Cleveland Cliffs' failed growth strategy.\"Ancora's newly unveiled, last-minute 'plan' is inconsistent at best and begets the critical question: If Ancora now believes their plan would deliver $75+ per share, why are they suddenly also supporting a $55 per share cash deal with Nippon Steel?\" U.S. Steel 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 clash comes a day after President Tru","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"X":"美国钢铁","BK4585":"ETF&股票定投概念","BK4006":"钢铁","BK4588":"碎股","BK4516":"特朗普概念","BK4520":"美国基建股"},"translate_title":"美国钢铁评级安科拉的增长计划是“不切实际的白日梦”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"X":1},"content_text":"By Connor Hart \n\n\n  U.S. Steel called activist investor Ancora's plan to boost its stock price \"an unrealistic, distant future value pipedream rooted firmly in fiction.\" \n\n\n  The steelmaker's comments came after Ancora earlier in the day Tuesday said it believed that the execution of its strategy--as well as the appointment of its nominees to U.S. Steel's board--could result in boosting the value of the company's shares to over $75 apiece. \n\n\n  U.S. Steel said Ancora's plan is contradictory, full of unfounded assumptions and reminiscent of Cleveland Cliffs' failed growth strategy. \n\n\n  \"Ancora's newly unveiled, last-minute 'plan' is inconsistent at best and begets the critical question: If Ancora now believes their plan would deliver $75+ per share, why are they suddenly also supporting a $55 per share cash deal with Nippon Steel?\" U.S. Steel said. \"Ancora's flip-flopping on the Nippon Steel deal should make U. S. Steel stockholders even more skeptical of Ancora's true motives.\" \n\n\n  The clash comes a day after President Trump ordered a new national security review of Nippon Steel's $14 billion plan to acquire U.S. Steel, offering new life for the deal that former President Joe Biden blocked. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 08, 2025 20:01 ET (00:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","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,"code":"91000000","status":"200"}}}