Investment Firm Launches Bid to Nix U.S. Steel Sale

Weeks after the proposed $15 billion sale of U.S. Steel to Japan’s Nippon Steel was given a reprieve, an investment firm is now aiming to scuttle the deal altogether.

Ancora Holdings Group recently acquired a 0.18% stake in U.S. Steel and, on January 27, announced that it had nominated a new CEO and a slate of nine independent directors who will support walking away from the sale. Ancora also said that its slate of directors and CEO candidate have committed to pursuing a $…