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Activist firm Ancora pushes U.S. Steel to abandon Nippon Steel merger, seeks CEO ouster.
Activist investor Ancora Holdings is pressuring U.S. Steel to scrap its merger with Nippon Steel and is advocating for the removal of CEO David Burritt.
Ancora has nominated nine new board members, including a former Stelco chief, to steer the company away from the merger and toward actions believed to better serve shareholders.
This move highlights the growing influence of activist investors in corporate governance.
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La firma activista Ancora empuja a U.S. Steel a abandonar la fusión de Nippon Steel, busca la salida del CEO.