New player arrives in U.S. Steel-Nippon Steel takeover saga with goal of quashing it

What a comedy trying to save moribund US steel industries..

Nippon Steel ought to walk away, let USS go bankrupt, bail them out and then buy it for a song.

Ancora Holdings Group, with $10 billion in assets

President Joe Biden blocked the nearly $15 billion acquisition this month

In other words, Ancora is a nobody that can't substitute Japan Steel in this deal even if it uses all its assets.

A $100 million is enough for many to sell their souls.

Move on NS and build a new plant if that is really what you wish to do.

"" It said Monday that U.S. Steel CEO David Burritt and the company's board have prioritized a sale to Nippon because they stand to receive more than $100 million if it goes forward.""

YUP, as usual there is always a ROTTEN fish in the tank. Many knew it but could not expose it.

Alan HarrisonToday 09:04 am JST

Why do they think a 0.18% stake gives them the right to do anything?

Because they are shareholders.

So have delusions of grandeur. Got it.

Ancora Holdings Group, 

What do they know about making steel? Nothing.

Why do they think a 0.18% stake gives them the right to do anything?

Because they are shareholders.

Trump will not allow Nippon Steel / United States Steel deal. This new deal will get the Balch salute from his followers.

Why do they think a 0.18% stake gives them the right to do anything?