Ancora's Call to Action

In a bold move, Ancora Holdings Group has urged US Steel's board to reconsider its pursuit of a previously failed acquisition deal with Japan's Nippon Steel. Instead, Ancora suggests the company should accept a $565 million termination fee.

Trump's Influence on the Deal

Ancora highlighted President Trump's recent remarks as a definitive signal that the deal has no future. The firm praised Trump for his dedication to safeguarding US Steel and revitalizing America's industrial and manufacturing sectors.

Criticism of US Steel's Leadership

Furthermore, Ancora has openly criticized US Steel CEO David Burritt for persisting with the deal despite clear opposition from President Trump, accusing him of squandering valuable time and resources.