AK Steel (AKS) Falls after Pricing 22M Share Offering at $4
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Think Again Before Buying AK Steel (AKS)
November 19, 2012 1:51 PM ESTLast week AK Steel (NYSE: AKS) announced a concurrent bond and stock offerings with the proceeds being used to repay borrowings under its asset-backed revolving credit facility and for "general corporate purposes".
Commenting on the developments, analyst Luke Folta of Jefferies wrote "Our lack of enthusiasm... More
AK Steel (AKS) Commences 25M Share Offering
November 13, 2012 7:27 AM ESTAK Steel Holding Corporation (NYSE: AKS) announced that it has commenced a registered offering of 25,000,000 shares of its common stock. In connection with this offering, AK Holding has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common... More
