Ancora launches proxy fight; Trump calls for renewed review of U.S. Steel-Nippon Steel merger
Activist investment firm Ancora Holdings Group LLC on Monday said it filed a proxy statement with the U.S. Securities and Exchange Commission to nominate nine candidates for election to U.S. Steel’s Board of Directors, while President Donald Trump the same day directed a U.S. national security panel to take another look at the proposed merger between U.S. Steel and Japan’s Nippon Steel Corp. The president has directed the Committee on Foreign Investment in the United States (CFIUS) to con...
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