When the above compound is heated with (conc.) $\ce{H2SO4}$ the $\ce{OH}$ will probably be protonated and it will leave, producing a carbocation. After that possibly there will be a hydride shift. Now, after this step what could be the possibilities. I was thinking of ring expansion (which could potentially form phenanthrene) but again I doubt that a negative charge on a $sp^2$ carbon of the benzene ring would attack the positive charge after C-C bond cleavage. Or another possibility is formation of a double bond to form a structure like:
Which is the correct (major) product formed?