AK Steel Holding Corp (AKS.N) Key Developments | Reuters.com
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AK Steel Holding to acquire Severstal Dearborn

Monday, 21 Jul 2014 02:00am EDT 

AK Steel Holding Corp:Signs an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for $700 mln in cash.Acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.Closing is expected to occur in the fourth quarter of 2014.Credit Suisse is acting as financial advisor to AK Steel and Weil, Gotshal & Manges LLP is serving as its legal advisor.