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Members of the White House held conversations in recent weeks with Ancora, the activist investor pushing to keep U.S. Steel independent, Ancora Alternatives CEO Jim Chadwick tells Axios. https://t.co/n3ZhTPVZhY
AXIOS: TRUMP ADMINISTRATION CONSIDERS LETTING US STEEL REMAIN A STANDALONE BUSINESS.
TRUMP ADMIN CONSIDERS LETTING US STEEL REMAIN A STANDALONE BUSINESS - AXIOS
Activist investor Ancora Holdings is seeking access to U.S. Steel's records, including board minutes and financial documents, as part of its campaign to replace certain board members and the chief executive. Meanwhile, the Trump administration is contemplating allowing U.S. Steel to continue operating as a standalone business. Recent discussions between White House officials and Ancora, led by CEO Jim Chadwick, indicate a push to maintain U.S. Steel's independence amidst these developments.
