Steel News

Cleveland-Cliffs Wins Shareholder Approval for AK Steel Merger

3/10/2020 - Shareholders have given approval to Cleveland-Cliffs Inc.’s planned acquisition of AK Steel Corp., bringing the deal one step closer to fruition.

“The shareholders of Cliffs and the stockholders of AK Steel have spoken, and delivered an outstanding victory in support of our transaction. I thank you all for your unequivocal demonstration of support,” said Cliffs chairman and chief executive Lourenco Goncalves.

The deal is expected to close on Friday.