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I’m sure that the absolute majority of readers have already heard the news: Cleveland-Cliffs ( CLF ) is buying AK Steel ( AKS ). In this deal, AK Steel shareholders will get 0.40 shares of Cliffs’ stock for each AK Steel share they own. Once the transaction is completed, Cliffs...
Investors sold off major benchmarks on Tuesday after President Trump ratcheted up trade tensions, threatening new tariffs on more countries and implying that an agreement with China may take longer than the market is currently expecting. The Dow Jones Industrial Average (DJINDICES: ^DJI)...
Penny Stocks Are Risky But That Doesn’t Mean You Can Profit From It The year has been a good one for many penny stocks so far. In fact, plenty of investors have managed to make substantial profits through their investments. However, as the year draws to a close, there is one more mont...
Cleveland-Cliffs ( CLF -12% ) shares are primed for their steepest decline in three months after agreeing to buy AK Steel ( AKS +3.5% ) for $1.1B. More news on: Cleveland-Cliffs Inc., AK Steel Holding Corporation, Commodities news, Merger & acquisition news, Stocks on the move, ...
Shares of Cleveland-Cliffs (NYSE: CLF) fell more than 13% on Tuesday morning after the iron ore producer announced plans to acquire AK Steel (NYSE: AKS) for $1.1 billion in stock. The buyer sees opportunities to cut costs via vertical integration, but the markets on Tuesday at least were...
The stock market took a big hit Tuesday morning, responding to comments from the White House that took away assurances that a deal between the U.S. and China might resolve trade tensions in the near future. President Trump denied any firm timeline for a Chinese trade deal, suggesting that it cou...
NEW YORK, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of AK Steel Holding Corporation (NYSE: AKS) to Cleveland-Cliffs Inc. (“Cliffs”) is fair to AK Steel shareholders. On behalf of AK Steel shareholde...
Audentes Therapeutics (NASDAQ: BOLD ) +105% as Astellas Pharma to buy Audentes Therapeutics for $60/share. More news on: Audentes Therapeutics, Inc., ViewRay, Inc., uniQure N.V., Stocks on the move, Read more ...
Cleveland-Cliffs (NYSE: CLF ) agrees to acquire AK Steel (NYSE: AKS ) in an all-stock deal valued at ~$1.1B. More news on: Cleveland-Cliffs Inc., AK Steel Holding Corporation, Commodities news, Merger & acquisition news, Stocks on the move, Read more ...
Combines complementary businesses across mining, pelletizing and innovative manufacturing to create vertically integrated producer of value-added iron ore and steel products Compelling financial profile with strong balance sheet, expected earnings accretion, and strong free cash flo...
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Nucor Corp. (NYSE: NUE) stock is currently trading at a five-year low. In fact, the shares are very near a 10-year low as well. At this point, they are down around 50% from the highs reached in early 2018. That's a painful decline, to be sure, but the bigger question now is whether or not th...
Are These 5 Names On Your List Of Penny Stocks To Watch This Week? This was a crazy week for trading penny stocks and blue-chip stocks alike. not only did we see massive swings in either direction, but headlines were also a huge force too. Whether it was the latest news of coronavirus cas...
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) jointly announced that, at their respective special shareholder/stockholder meetings held earlier today, the shareholders of Cliffs and the stockholders of AK Ste...