Cleveland-Cliffs to Buy AK Steel for $1.1 Billion [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 for $1.1 Billion Iron ore pellet producer Cleveland-Cliffs ( CLF Get Report AKS Under terms of the agreement, 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. Shares of Cleveland-Cliffs ended the trading day Monday up 5.19% at $8.41, while shares of AK Steel closed Monday up 4.52% at $2.89. 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. "By combining the best-in-class quality of AK Steel's assets and its enviable product mix with Cliffs' debt profile and pro
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CLF
News
- Cleveland-Cliffs Applauds International Trade Commission's Decision to Uphold Tariffs on Japanese Imports [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Applauds International Trade Commission’s Decision to Uphold Tariffs on Japanese ImportsBusiness Wire
- Should Shareholders Reconsider Cleveland-Cliffs Inc.'s (NYSE:CLF) CEO Compensation Package? [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- CLF's page on the SEC website