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US Steel hits 52-week high

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UPI |
President Donald Trump on Monday ordered a review of a proposed purchase of U.S. Steel by Nippon Steel.
U.S. News & World Report |
Trump on Monday directed the Committee on Foreign Investment in the United States, which scrutinizes foreign investments for national security risks, to review Nippon's bid for U.S. Steel to help det...

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Activist Ancora drops U.S. Steel campaign after Trump orders review of Nippon Steel bid
Investment firm Ancora Holdings on Wednesday walked away from a bitter board room fight with U.S. Steel, days after President Donald Trump signalled the iconic American company might be taken over by a Japanese rival after all.
US Steel hits 52-week high after Trump orders new security review of Nippon Steel bid
Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel's proposed bid to buy U.S. Steel for nearly $15 billion. President Joe Biden blocked the deal just before leaving office and Trump had vowed to do the same in previous months.
Trump orders review of U.S. Steel sale to Nippon Steel
President Donald Trump has ordered a review of a proposed purchase of U.S. Steel that had been blocked by former President Joe Biden.
Activist Ancora Drops U.S. Steel Campaign After Trump Orders Review of Nippon Steel Bid
This comes a day after U.S. Steel said Ancora Holdings, which owns less than 1% stake in the company, claims to be in support of the transaction following its previous attempts to undermine the planned merger.
U.S. Steel Stock (X) Climbs as “Flip-Flop” Investor Now Backs $14.9B Nippon Steel Merger
Shares in U.S. Steel (X) were stronger today after activist investor Ancora Holdings said it had changed its mind and now backed the planned
Trump Pushes Back on U.S. Steel Sale, Sending Shares Tumbling
President Trump on Wednesday ratcheted up long-running tensions around the fate of U.S. Steel, reiterating that the steelmaker should remain an American company. U.S. Steel shares tumbled more than 11% in after-hours trading.
White House requests review of Nippon Steel merger in possible revival move
U.S. Steel stock increased more than 16% in reaction to the decision to review the proposed merger with Nippon Steel for a second time.
Ancora Says Its US Steel Turnaround Plan Worth $75 a Share
Ancora Holdings Group unveiled a turnaround plan for United States Steel Corp. it estimates would deliver more than $75 per-share in value to shareholders if a takeover by Nippon Steel Corp. falls through.
Nippon Steel, Tier IV collaborate to automate heavy duty transportation
Nippon Steel (NPSCY) and Tier IV are working together to automate steel transportation with heavy-duty autonomous vehicles, aiming to deploy
U.S. Steel slams Ancora's shifting stance on Nippon Steel deal as annual meeting looms
U.S. Steel and Ancora clash over board seats and Nippon Steel deal as Trump orders new CFIUS review, possibly reviving the $14.9 billion acquisition.
Crain's Cleveland Business1d
Billionaire Alan Kestenbaum leverages wealth in U.S. Steel CEO bid backed by Ancora
United States Steel Corp. has faced an uncertain future since its $14.1 billion takeover by Japanese buyer Nippon Steel Corp. was blocked in the waning days of Joe Biden’s presidential term. Amid the fallout, an activist bidder and a celebrated turnaround artist are joining forces to pitch investors on a proposal to revitalize U.S. Steel.
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Trump says he doesn't want US Steel in Japanese hands
U.S. President Donald Trump said on Wednesday he does not want U.S. Steel Corp to go to Japan, suggesting he does not support Nippon Steel's $14 billion bid for the American steel producer. Julian Satterthwaite reports.
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