AK STEEL HOLDING CORPORATION (NYSE:AKS) Files An 8-K Completion of Acquisition or Disposition of Assets

On August 4, 2017 (the “Closing Date”), AK Steel Corporation (the “Company”), a wholly-owned subsidiary of AK Steel Holding Corporation (“AK Holding”), completed the previously announced acquisition of PPHC Holdings, LLC (“PPHC”) contemplated by the Agreement and Plan of Merger, dated as of June 30, 2017 (the “Purchase Agreement”), by and among the Company, Drive Merger Sub, LLC, a wholly-owned subsidiary of the Company (“Merger Sub”), PPHC and PPHC Members’ Representative, LLC, as the members’ representative. to the Purchase Agreement, on the Closing Date, Merger Sub was merged with and into PPHC (the “Acquisition”), with PPHC surviving the merger as a wholly-owned subsidiary of the Company.

The description of the Purchase Agreement contained herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which was filed as Exhibit 2.1 to AK Holding’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 7, 2017, which is incorporated herein by reference.

On August 7, 2017, the Company issued a press release announcing the completion of the Acquisition.

A copy of the press release is attached hereto as Exhibit 99.1 and is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this report shall not be deemed to be incorporated by reference into any registration statement or other document filed to the Securities Act of 1933, as amended.

AK STEEL HOLDING CORP ExhibitEX-99.1 2 exhibit991-pressreleasepre.htm EXHIBIT 99.1 Exhibit   EXHIBIT 99.1         News Release    Contacts: Media – Lisa H. Jester,…To view the full exhibit click here
About AK STEEL HOLDING CORPORATION (NYSE:AKS)
AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Company also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials. It sells flat-rolled carbon steel products, consisting of coated, cold-rolled, and hot-rolled carbon steel products.