Wednesday, July 7, 2010

AK Steel (NYSE:AKS) Soaring as Takeover Rumors Increase

Rumors continue to spread on the possible takeover of AK Steel (NYSE:AKS) by ThyssenKrupp.

Some have attempted to rebut the claims, but that hasn't dampened the enthusiasm of traders taking advantage of the unproven claims at this time.

What the rumor entails is ThyssenKrupp being interested in taking a 40 percent stake in AK Steel, which was sourced by a dealer, with no confirmation it is true.

As of 12:32 PM EDT the share price of AK Steel stood at $12.43, a gain of $0.91, or 7.90 percent.

1 comment:

Anonymous said...

its going to happen guys, wait for it...