CLEVELAND, OH--   Cleveland Cliffs, Inc. is acquiring AK Steel in a stock deal valued at about $1.1 billion.

Under the agreement Cliffs will acquire all issued and outstanding shares of AK Steel common stock. 

President and CEO of Cliffs, Lourenco Goncalves, will lead the expanded organization.

The companies said Tuesday that they are creating a vertically integrated business. Cliffs, North America’s largest producer of iron ore pellets, would get access to AK Steel’s flat-rolled carbon, stainless and electrical steel products operations.

House GOP calls for savings from health department merger

Mar 25, 2015

LANSING, MI (AP)--   Michigan's House signaled it won't try to block the proposed merger of the state's Community Health and Human Services departments, but it will seek cost savings as a result. 

A budget approved for Community Health on Tuesday by a House Appropriations subcommittee included around $2.2 million less for administrative costs. That signals the House Republican majority will let the merger advance but demand increased efficiencies.

MEMPHIS, TN--   Verso Paper says it will no longer discuss a potential merger with NewPage Corporation. 

Talks of a business combination began in 2010, then NewPage entered Chapter 11 bankruptcy in September of last year.  Verso offered NewPage a total of $1.425 billion in stock, cash, and first-lien notes in May, but NewPage declined. 

Verso officials have expressed frustration at the lack of progress in discussions, saying its proposal is the “most sensible.”  NewPage officials say the plan contained “significant downside risks.”

Upstreaming Marquette General Hospital

May 28, 2012

This week on Media Meet, host Bill Hart leads a discussion of a proposal to continue improvements to Marquette General Hospital by merging with a larger partner and becoming a for-profit institution. (Originally aired March 18, 2012)