Cleveland-Cliffs buying AK Steel in $1.1B stock deal - Sentinel-Tribune: News

Cleveland-Cliffs buying AK Steel in $1.1B stock deal

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Posted: Tuesday, December 3, 2019 10:34 pm

CLEVELAND (AP) — Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion.

The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff's iron ore pellet production with AK Steel's rolled and stainless steel operations.

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