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0 -0.0202622169249106 -0.0214541120381406 -0.0464839094159715 -0.098927294398093 -0.107270560190703 -0.117997616209774 -0.117997616209774
Stock impact report

Cleveland-Cliffs to Acquire AK Steel

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Business Wire
Combines complementary businesses across mining, pelletizing and innovative manufacturing to create vertically integrated producer of value-added iron ore and steel productsCompelling financial profile with strong balance sheet, expected earnings accretion, and strong free cash flow generation to execute on long-term growth opportunitiesCombination creates significant value for shareholders through realization of $120 million in annual cost synergies CLEVELAND & WEST CHESTER, Ohio--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) and AK Steel Holding Corporation (NYSE: AKS) are pleased to announce that they have entered into a definitive merger agreement pursuant to which Cliffs will acquire all of the issued and outstanding shares of AK Steel common stock. Lourenco Goncalves, Chairman of the Board, President and CEO of Cliffs, will lead the expanded organization.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191203005 Show less Read more
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