News & Announcements

Weil Advised AK Steel Holding Corporation in its $3B Sale to Cleveland-Cliffs Inc.

Weil advised AK Steel Corporation, a fully integrated producer of flat-rolled carbon, stainless and electrical steel and tubular products with an implied enterprise value of approximately $3 billion, in its merger with Cleveland-Cliffs, Inc., the largest independent iron ore mining company in the United States and a major supplier of iron ore pellets to the North American steel industry. The transaction closed on March 13, 2020.

The Weil team that advised AK Steel Holding Corporation was led by Mergers & Acquisitions partner Raymond Gietz and included Mergers & Acquisitions partner Amanda Fenster (elected partner effective January 1, 2020) and Mergers & Acquisitions associates Michelle Sargent, Tyler Silvey, Graciany Miranda and Jason Klig. The team also included Banking & Finance partner Morgan Bale; Capital Markets partner Faiza Rahman; Tax partners Helyn Goldstein and Chayim Neubort; Executive Compensation & Benefits partner Amy Rubin; Real Estate partner Samuel Zylberberg; Antitrust partner John Scribner; Banking & Finance counsel Brian Drozda; Capital Markets associate Janeane Ferrari; Technology and IP Transactions associate Kane Wishart; Tax associate Blake Bitter; Executive Compensation & Benefits associates John Kleinjan and Tamara Roth; Real Estate associate Suji Jhaveri; Antitrust associate David Rybak (Not Yet Admitted in New York); Regulatory associate Tim Welch; and Employment Litigation associate Chris Dyess.

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