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FX Daily Updates
Ancora nominates nine candidates to U.S. Steel board, company says
Jan 27 (Reuters) - Activist investor Ancora has nominated nine candidates to U.S. Steel's (X.N) , opens new tab board of directors after reporting a 0.18% stake in the steelmaker, the company said on Monday. On Sunday, the Wall Street Journal reported that Ancora intends to rally shareholders to oust U.S. Steel's CEO David Burritt. It also plans to pressure the company to drop its merger agreement with Japan's Nippon Steel (5401.T) , opens new tab. Ancora's interests are not aligned with all U.S. Steel stockholders, the Pittsburgh-based company said in a statement. Sign up here. https://www.reuters.com/markets/commodities/ancora-nominates-nine-candidates-us-steel-board-company-says-2025-01-27/
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