(Reuters) - 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 more at Reuters.com Mergers News
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