What People are Saying About U. S. Steel's Outstanding Board of Directors and Management Team

“I will not be supporting Ancora. I am fully committed to the U. S. Steel board, the CEO, and to the company’s strategy.”

“If I was a [U. S. Steel] shareholder, I would be aggressively pushing them to be acquired by Nippon [Steel] … it would be extremely difficult for him [Kestenbaum] to turn this company around.”

“The interesting wrinkle in all this is Ancora makes its home just outside of Cleveland. That makes it CLF's neighbor and from this seat, it looks like Ancora is doing some of CLF's dirty work. Today's release from Ancora emphasizes that it is 'Not soliciting acquisition proposals from Cleveland-Cliffs, Inc. or any other partner.' That doesn't mean it wouldn't be open to receiving an offer.”

“We support Nippon Steel's bid to acquire     U. S. Steel. [...] We believe the transaction with Nippon [Steel] is a benefit to both Nippon [Steel] as well as to all U. S. Steel stakeholders.”

“There is no doubt that the [Nippon Steel] offer represents a meaningful premium for shareholders resulting from a thorough and competitive sales process.”

“Cliffs … has publicly and broadly guided only a conditional willingness to offer substantially inferior terms which do not, in our view, constitute persuasive cause for [U. S. Steel] investors to preemptively block the current deal.”

“We see the pending deal as an attractive outcome for [U. S. Steel]’s shareholders, both from a share price and valuation perspective.”

“The $55/share all-cash offer is well above the current share price and higher than our mid-2024 price target of $40.”