Ancora Urges U.S. Steel's Board To Terminate Merger Agreement - Quick Facts

(RTTNews) - Ancora Holdings Group issued a letter to the Board of United States Steel (X) following President Trump's recent comments that reaffirm his opposition to a sale of U.S. Steel to Nippon Steel. Ancora believes U.S. Steel's Board should: immediately terminate the merger agreement and collect the $565 million breakup fee from Nippon; immediately end the exorbitantly expensive deal-related advocacy and withdraw from the litigation filed with Nippon and; finally engage with Ancora, which has offered the Board a viable catalyst for a turnaround in Alan Kestenbaum.

Ancora Holdings Group, LLC offers integrated investment advisory, wealth management, retirement plan services and insurance solutions to individuals and institutions across the United States.