Actionable news
All posts from Actionable news
Actionable news in AKS: AK STEEL HOLDING Corp,

How One Bolt-On Merger Can Help AK Steel Transform

AK Steel Holding Corp. (AKS) has sold off just a bit after the steel giant recently announced that it will acquire Precision Partners for a total of $360 million in cash. The pullback might be explained by the fact that there is no rapid payoff for AK Steel, and maybe that it is expanding for the sake of size over its own internal metrics improvement. Then again it’s hard for steel companies to find great riskless opportunities these days.

The transaction is subject to customary closing and regulatory approvals in the United States and Canada. Following the conclusion of the regulatory review, the deal is expected to close...