Activists promoted the end of the merger, and the US steel company faces the dispute between agency rights

(Bloomberg) -Guidians Ancora Holdings Group has nominated nine candidates for board boards of the United States Iron and Steel Corporation and is promoting the company to abandon the acquisition of the new Railway Company.

The nominated person includes Stelco Holdings Inc. Former CEO Alan Kestenbaum, and Ancora also hopes that he has replaced the current CEO of the American Iron and Steel Corporation David Burritt.

ANCORA stated in a statement on Monday that the United States Iron and Steel Corporation had to conclude a lawsuit that aimed at saving the new Railway transactions and charged $ 565 million in breakup fees.该公司表示，它已经积累了美国钢铁公司的“大量股份”，但没有透露具体规模。

Angola said: “The US Steel Corporation and the Japanese Iron and Steel Company have no legal precedent for lawsuits this month.” “Although American Iron and Steel Corporation seems to have hopes to persuade President Trump to approve the transaction, it actually shows that this is A daydream ”

Before his steps down this month, President Joe Biden prevented the new Railway from acquiring US steel companies’ transactions for $ 14.1 billion on the grounds of national security. The two companies subsequently filed two lawsuits as the last efforts to maintain mergers.

U.S. President Donald Trump, which is also opposed to this Japanese company, said on Truth Social, its social media platform, that tariffs will make US steel companies “a higher profit company with higher profits and higher value.”

Earlier on Monday, in response to AncoRa’s intentions, American Iron and Steel Corporation stated in a statement that it was still confident in the cooperation with the new Railway.

Before the start of the routine in New York, the stock price of the US Iron and Steel Company fell 1.7%to $ 36.79.

Cleveland-Cliffs Inc. is one of the several steel manufacturers auctioned in the 2023 American Iron and Steel Corporation, but was eventually surpassed by the new Japanese iron iron. According to Bloomberg, Clevela Larfs is currently working with Nuke to consider the possibility of jointly bidding to the US steel company.

Ketenbaum acquired the bankruptcy Stelco from the US Steel, and completed the company’s turnover to profit after the first public offering. In July, after the failure of the US Iron and Steel Corporation, Cleve La Kelvs agreed to acquire Stelco for about 3.85 billion Canadian dollars ($ 2.7 billion).

More similar stories can be found on bloomberg.com