U.S. Steel pushes back on activist fund's call to drop Nippon Steel deal

Ancora nominates nine board candidates in bid to oust CEO David Burritt

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U.S. Steel maintains that its agreement with Nippon Steel "is the best deal for American steel, American jobs." © Reuters

PAK YIU

NEW YORK -- U.S. Steel on Monday defended its $14.9 billion tie-up with Nippon Steel after American activist investor Ancora called for a board shakeup to abandon the transaction.

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