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.
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