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U. S. Steel Comments on Ancora's Blundering, Value-Destructive “Plan”

1. U.S. Steel criticizes Ancora's inconsistent strategic plan for the company. 2. Ancora supports a $55 per share deal while claiming $75+ per share potential.

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FAQ

Why Bearish?

Discrepancies in Ancora's claims could undermine investor confidence, similar to past activist cases.

How important is it?

The article raises concerns about corporate strategy clarity, affecting investor perceptions directly.

Why Short Term?

Immediate confusion around valuation may lead to short-term stock volatility.

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NIPPON STEEL
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation ("U. S. Steel" or the “Company”) (NYSE: X) today set the record straight on several flaws in the strategic “plan” for U. S. Steel published by Ancora Catalyst Institutional, LP (“Ancora”). Ancora's newly unveiled, last-minute “plan” is inconsistent at best and begets the critical question: If Ancora now believes their plan would deliver $75+ per share, why are they suddenly also supporting a $55 per share cash deal with Nippon Steel?.

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