21
Feb
19:10
Cleveland-Cliffs, AK get regulatory approval for merger
The US’ Cleveland-Cliffs and AK Steel have been given the regulatory greenlight for their proposed $1.1 billion merger, Kallanish reports.
The planned 13 March merger of the iron ore producer and legacy domestic steelmaker will create a new company owned in a 68:32 split between Cliffs and AK shareholders, respectively.
It has now received approval from the relevant Mexican and Canadian authorities and a waiver for the US’ Hart-Scott-Rodin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous