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Ancora calls on U.S. Steel to delay annual shareholder meeting over CFIUS review
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Ancora calls on U.S. Steel to delay annual shareholder meeting over CFIUS review
Apr 7, 2025 3:57 PM

April 7 (Reuters) - Activist investor Ancora Holdings on Monday called on U.S. Steel's

board to delay its annual stockholders meeting until a Committee on Foreign Investment

(CFIUS) review is complete.

The move comes after U.S. President Donald Trump directed the CFIUS to conduct and finalize

a new review of the transaction within 45 days.

"To reiterate, Ancora and our director candidates have no intention of standing in the way

of the $55 per share Nippon deal," the activist investor said.

Ancora launched a boardroom challenge at U.S. Steel early this year, as the iconic American

company attempts to salvage a planned merger with Japan's Nippon Steel ( NISTF ).

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