Mittal eyeing AK Steel deal: FT Web site

Arcelor Mittal, the world's largest steelmaker, is looking to acquire AK Steel, the Financial Times reported on its Alphaville Web site, triggering a surge in AK Steel shares.

Shares of Ohio-based AK Steel rose to $39 before the closing bell in New York from a close at $32.06 on Monday.

FT Alphaville, which did not cite its sources or say how many people confirmed the report, said a deal could value AK at up to $40 per share, or just under $4.5 billion.

Read Full Article from Financial Express

- Posted: 2007-05-08 09:47:09

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