Key Developments: AK Steel Holding Corp (AKS)
3.45USD
24 May 2013
$-0.04 (-1.15%)
$3.49
$3.48
$3.60
$3.43
3,821,762
6,224,401
$6.73
$2.76
Latest Key Developments (Source: Significant Developments)
AK Steel Holding Corp Issues Q3 2012 EPS Guidance
AK Steel Holding Corp expects to incur a net loss of between $0.60-$0.65 per diluted share of common stock for the third quarter of 2012. Full Article
AK Steel To Suspend Dividend-WSJ
The Wall Street Journal reported that AK Steel Holding Corp. swung to a second-quarter loss as the steelmaker saw its revenue fall 14% amid double-digit shipment declines and it also unveiled plans to suspend its quarterly dividend. Full Article
AK Steel Issues Q2 2012 EPS Guidance Below Analysts' Estimates
AK Steel announced that for second quarter of 2012, it expects net income of between $0.04 and $0.06 per diluted share (EPS) of common stock, which would represent an improvement compared to the loss of $0.11 per diluted share reported for the first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.11 for second quarter of 2012. Full Article
AK Steel's Subsidiary Announces Pricing Of $300 Million Senior Notes Offering
AK Steel announced that its subsidiary, AK Steel Corporation (AK Steel), has successfully priced a public offering of $300 million of 8.375% senior notes due 2022. The size of the offering was increased from the previously announced $250 million to $300 million. AK Steel will pay interest on the notes semi-annually on April 1 and October 1 of each year. Interest on the newly issued notes will accrue from March 22, 2012. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by AK Holding. AK Steel intends to use the net proceeds from the sale of the notes to repay borrowings under its revolving credit facility. The offering is expected to close on March 22, 2012, subject to customary closing conditions. The joint book-running managers for the offering are BofA Merrill Lynch, J.P. Morgan, Citigroup, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities. Full Article
AK Steel Declares Common Stock Dividend
AK Steel announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on March 9, 2012 to shareholders of record on February 10 , 2012. Full Article
USW Members Ratify New Labor Agreement At AK Steel Tubemaking Unit
AK Steel announced that members of United Steelworkers of America (USW) Local 1915 have ratified a new three year labor agreement with its wholly owned subsidiary, AK Tube LLC, covering about 100 hourly production and maintenance employees at its Walbridge, Ohio facility. The new agreement will take effect following expiration of the existing contract on January 22, 2012. Full Article
AK Steel Declares Common Stock Dividend
AK Steel announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on December 9, 2011 to shareholders of record on November 15, 2011. Full Article
AK Steel Comments On Q4 2011 Charge Guidance-Conference Call
AK Steel announced that for the fourth quarter of 2011 they have the potential to incur a quarter charge related to their unique pension and [no pet] benefit accounting methodology. Should such a quarter charge occur, let me emphasize that it would be a non-cash charge. Full Article
AK Steel Declares Common Stock Dividend
AK Steel announced that its Board of Directors have declared a quarterly cash dividend of $0.05 per share of common stock, payable on September 9, 2011 to shareholders of record on August 15, 2011. Full Article
BRIEF-AK Steel up 2.4 percent in premarket trading
NEW YORK, April 23 - AK Steel Holding Corp : * Shares up 2.4 percent in premarket trading
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