Ancora's Bold Move Against US Steel

In a dramatic turn of events, Ancora Holdings Group has publicly urged US Steel's board to abandon its pursuit of a previously failed acquisition deal with Japan's Nippon Steel. Instead, Ancora suggests that US Steel should focus on collecting a hefty $565 million termination fee.

Trump's Influence on the Deal

Ancora's stance is bolstered by former President Trump's recent comments, which they interpret as a definitive signal that the deal cannot be revived. They commend Trump's dedication to safeguarding US Steel and revitalizing American industrial and manufacturing sectors.

Criticism of US Steel's Leadership

Furthermore, Ancora has not held back in its criticism of US Steel CEO David Burritt, accusing him of squandering valuable time and resources on a deal that faces insurmountable opposition, particularly from Trump.