India, April 8 -- United States Steel Corp. (X) has strongly criticized Ancora Catalyst Institutional's recently proposed strategic plan, calling it inconsistent and unrealistic. Ancora's plan claims to deliver $75+ per share but simultaneously supports a $55 per share cash deal with Nippon Steel, raising questions about their true intentions.
U.S. Steel highlighted the benefits of its diversified business model, which balances integrated mini mills and blast furnace capabilities. The company emphasized that its transformation into a modern steel producer has positioned it to deliver strong returns for stockholders. Ancora's plan, which includes reversing mini mill investments and selling Big River Steel, was described as outdated and risk...