AK Steel Holding Corporation
Attention investors who purchased shares of AK Steel Holding Corporation before December 3, 2019:
Rigrodsky & Long is investigating potential claims against the board of directors of AK Steel Holding Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by Cleveland-Cliffs Inc.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors AK Steel Holding Corporation (“AK Steel” or the “Company”) (NYSE: AKS) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Cleveland-Cliffs Inc. (“Cleveland-Cliffs”) (NYSE: CLF). Under the terms of the agreement, shareholders of AK Steel will receive 0.40 shares of Cleveland-Cliffs for each share of AK Steel they own. Upon completion of the transaction, shareholders of Cleveland-Cliff will own approximately 68% of the combined company and AK Steel shareholders will own approximately 32%.
If you own common stock of AK Steel and purchased any shares before December 3, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at email@example.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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