NEW YORK, Dec. 5, 2019 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors (the "Board") of AK
Steel Holding Corporation ("AK Steel" or the "Company") (NYSE:AKS)
in connection with the proposed merger of the Company with
Cleveland-Cliffs Inc. ("Cleveland-Cliffs") (NYSE:CLF). Under
the terms of the merger agreement, AK Steel shareholders will
receive a fixed exchange ratio of 0.40 CLF shares for each share of
AKS common stock owned, for an implied value of $3.36 per share. CLF shareholders will own
68% of the combined company. The deal is scheduled to close
in the first half of 2020.
If you own AKS shares and wish to discuss this investigation
or have any questions concerning this notice or your rights or
interests, visit our website:
https://weisslawllp.com/ak-steel-holding-corporation-investigation/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether the Board acted to maximize
shareholder value prior to entering into the merger agreement.
WeissLaw is concerned whether the proposed merger undervalues
the Company with the Board running an unfair process and whether
all material information related to the proposed merger is fully
and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
