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.

 
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