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Ancora Urges U.S. Steel's Board of Directors to Delay the 2025 Annual Meeting of Stockholders

1. Ancora Holdings demands delay of U.S. Steel's 2025 Annual Meeting due to uncertainty. 2. The uncertainty revolves around the blocked sale to Nippon Steel Corporation.

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FAQ

Why Bearish?

The call to delay the Annual Meeting signifies troubling governance issues, which can lead to investor uncertainty. Historically, delays and governance issues can negatively impact stock prices due to loss of investor confidence.

How important is it?

Investor response to governance issues can heavily influence market sentiment, indicating a moderate likelihood of impact.

Why Short Term?

The immediate effect of the letter might influence short-term stock volatility as shareholders react to governance concerns.

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NIPPONAKSTEELCLFX
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), a shareholder of United States Steel Corporation (NYSE: X) (“U.S. Steel” or the “Company”), today issued a letter to the Company's Board of Directors (the “Board”) regarding the need to delay the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) in light of the tremendous uncertainty related to the blocked sale to Nippon Steel Corporation (“Nippon”). A copy of the letter can be.

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