Cleveland-Cliffs to Buy AK Steel - A Bright and Shiny Merger? [TheStreet.com]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: TheStreet.com
Cleveland-Cliffs to Buy AK Steel - A Bright and Shiny Merger? Iron ore pellet producer Cleveland-Cliffs ( CLF Get Report AKS Under terms of the deal announced on Tuesday, AK Steel shareholders will receive 0.4 a Cleveland-Cliffs share for each AK Steel share at $3.36 a share, which represents a premium of 16% based on the closing share prices of Cleveland-Cliffs and AK Steel, respectively, as of Monday Dec. 2, and a premium of 27% based on the 30-day volume-weighted average price of AK Steel common shares. When finalized, Cleveland-Cliffs shareholders will own approximately 68% and AK Steel shareholders will own approximately 32% of the combined company. Cliffs CEO Lourenco Goncalves will lead the combined company, while AK Steel CEO Roger Newport will retire. The transaction is expected to close in the first half of 2020, subject to approval by shareholders of both companies as well as receipt of regulatory approvals and other typical closing conditions. As part of the agreement, Cli
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CLF
News
- Cleveland-Cliffs: Q1 Dip Provides Great Discount [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- CLF's page on the SEC website