President Joe Biden announced he was suspending the purchase of U.S. Steel by Japan’s Nippon Steel, citing the sale as a potential threat to national security. The a
David Burritt will have to provide a vision of how the company can thrive on its own if a Nippon Steel deal does not materialise
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 billion sale to Nippon Steel . Rival bidder Cleveland-Cliffs wants another shot at a takeover.
Ancora Holdings, an activist investor, is challenging U.S. Steel's merger with Nippon Steel. They've launched a proxy battle intending to replace CEO David Burritt and have nominated nine board candidates.
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