Cleveland-Cliffs (CLF) Declares $0.06 Quarterly Dividend; 3% Yield

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Go back to Cleveland-Cliffs (CLF) Declares $0.06 Quarterly Dividend; 3% Yield

Cleveland-Cliffs (CLF) to Acquire AK Steel (AKS) in All-Stock Deal

December 3, 2019 6:04 AM EST

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.

Under the terms of the merger agreement, AK Steel shareholders will receive 0.40 shares of Cliffs common stock for each outstanding share of AK Steel common stock they own. Upon... More