AK Steel takeover denied

ThyssenKrupp AG had denied that it was considering making a takeover offer for US-based competitor AK Steel Holding Corp. A spokesman of ThyssenKrupp AG said “We resolutely deny that.” His comments came in response to market speculation that Germany’s largest steelmaker would make a takeover offer for AK Steel, which some traders said weighed on ThyssenKrupp shares on 27 October.

Previous articleBaobab announces test results
Next articleIceland: geothermal power plant equipment
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.