Cleveland-Cliffs, AK Steel Merger Receives Approvals

摘要

Cleveland-Cliffs Inc., Cleveland, Ohio, has received all the necessary regulatory approvals in connection with its proposed merger with AK Steel Holding Corp., West Chester, Ohio.The companies first announced the merger in December 2019. Under the pending transaction, Cleveland-Cliffs would acquire all of AK Steel's outstanding shares pursuant to the agreement and plan of the merger entered into by Cleveland-Cliffs and AK Steel. Once the merger is complete, AK Steel would survive as a wholly owned subsidiary of Cleveland-Cliffs.