U.S. Steel Stock Falls. Another Actor Enters the Merger Drama. - Barron's

1. Activist investor Ancora seeks to disrupt U.S. Steel's merger with Nippon Steel. 2. Ancora aims to gain control by nominating nine directors to the board. 3. U.S. Steel argues Ancora's interests don't align with all shareholders. 4. Former President Biden blocked Nippon's acquisition on national security grounds. 5. U.S. Steel stock is significantly below Nippon's $55 offer price.