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The Independent UK
The Independent UK
National
Michelle Chapman

Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

US Steel Nippon United States Nippon Steel Ancora
Japan US Steel - (Copyright 2025 The Associated Press. All rights reserved)

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

Ancora is opposed to U.S. Steel’s agreement with Nippon and believes that the company’s board and CEO David Burritt have prioritized getting the deal done because they stand to receive more than $100 million if it goes forward.

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