Latest news with #JimChadwick
Japan Times
15-03-2025
- Business
- Japan Times
U.S. Steel activist investor boosts holding in turnaround push
Ancora Holdings Group has added to its holdings of U.S. Steel as the activist investor continues to push its case to replace the board and install a new CEO to lead a turnaround of the American steelmaker. Ancora's position in the Pittsburgh-based steelmaker is now worth more than $100 million, Jim Chadwick, portfolio manager and head of the firm's Alternatives subsidiary, said in an interview. Chadwick said he continues to buy as it becomes more likely that Nippon Steel's offer to buy U.S. Steel will fall through. Ancora and Alan Kestenbaum — its nominee to replace David Burritt as CEO of U.S. Steel — haven't yet spelled out a detailed plan to investors on how they intend to turn around the once-iconic steelmaker. Chadwick said they'll be investing "significant' capital and resources to grow the North American flat-rolled steel business.
Bloomberg
14-03-2025
- Business
- Bloomberg
US Steel Activist Investor Boosts Holdings in Turnaround Push
Ancora Holdings Group has added to its holdings of United States Steel Corp. as the activist investor continues to push its case to replace the board and install a new chief executive officer to lead a turnaround of the American steelmaker. Ancora's position in the Pittsburgh-based steelmaker is now worth more than $100 million, Jim Chadwick, portfolio manager and head of the firm's Alternatives subsidiary, said in an interview. Chadwick said he continues to buy as it becomes more likely that Nippon Steel Corp.'s offer to buy US Steel will fall through.
