U.S. Steel says activist investor Ancora is now in favor of Nippon Steel deal

Reuters
09 Apr
U.S. Steel says activist investor Ancora is now in favor of Nippon Steel deal

April 8 (Reuters) - U.S. Steel X.N said on Tuesday that activist investor Ancora, who previously attempted to undermine the planned merger with Japan's Nippon Steel 5401.T, has "flip-flopped" and now claims to be in support of the transaction.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Alan Barona)

((rishabh.jaiswal@thomsonreuters.com))

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