|Bid||3.4100 x 27000|
|Ask||3.4200 x 27000|
|Day's range||3.3600 - 3.5500|
|52-week range||1.6600 - 3.5900|
|Beta (5Y Monthly)||3.14|
|PE ratio (TTM)||10.99|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of AK Steel Holding Corporation (NYSE: AKS) to Cleveland-Cliffs Inc. (NYSE: CLF). Under the terms of the proposed transaction, shareholders of AK will receive only 0.40 shares of Cliffs for each share of AK that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Cleveland-Cliffs Inc. (CLF) and AK Steel Holding Corporation (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.