# Cleveland-Cliffs to acquire AK Steel

Cleveland-Cliffs Inc. and AK Steel Holding Corp. have agreed to a transaction under which Cliffs will acquire all shares of AK Steel common stock, creating a vertically integrated producer of iron and steel products.

- Type: Acquisition
- Announced: 2020-01-31
- Where: United States
- Status: announced
- Products: iron ore pellets, flat-rolled carbon steel, stainless steel, electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [AK Steel](https://endata.com/companies/17350.md) (target)
- [Cleveland-Cliffs](https://endata.com/companies/27377.md) (acquirer)

## Sources

- [modernmetals.com](https://www.modernmetals.com/15608-while-industry-oracles-and-observers-rarely-have-clear-sight-metals-producers-possess-the-vision-to-bet-on-the-future.html?highlight=WyJtZXRhbCIsImZpbmlzaCIsImVxdWlwbWVudCJd), 2020-01-31: "Cleveland-Cliffs Inc. and AK Steel Holding Corp. have agreed to a transaction under which Cliffs will acquire all shares of AK Steel common stock."
- [clevelandcliffs.com](https://www.clevelandcliffs.com/news/news-releases/detail/42/cleveland-cliffs-and-ak-steel-receive-final-required), 2020-02-21: "Cleveland-Cliffs and AK Steel today announced that they have now received all of the necessary regulatory approvals in connection with their proposed merger transaction."
- [dbusiness.com](https://www.dbusiness.com/daily-news/ohios-cleveland-cliffs-to-merge-with-ak-steel/), 2020-02-24: "Cleveland-Cliffs and AK Steel plan to close their merger on March 13."
- [businesswire.com](https://www.businesswire.com/news/home/20200310005747/en/Cleveland-Cliffs-and-AK-Steel-Announce-Shareholder-Approvals-of-Merger-Agreement), 2020-03-10: "The shareholders of Cliffs and the stockholders of AK Steel have spoken, and delivered an outstanding victory in support of our transaction."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/280994.html), 2020-03-11: "Cleveland-Cliffs and AK Steel announced that their respective shareholders voted to approve the acquisition of AK Steel by Cleveland-Cliffs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.