Ancora says plan for USS would yield higher value than Nippon deal

Investment firm Ancora Holdings Group said it has a strategy that, if implemented, would lead to a higher shareholder value than the current Nippon Steel bid for U.S. Steel.

This is in connection with its “nomination of nine highly qualified director candidates for election to the company’s board of directors at the 2025 annual meeting of stockholders scheduled for May 6,” according to a letter from the firm on Monday.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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