As acquisition nears, share prices fall for AK Steel and its buyer

AK Steel Holding Corp. (NYSE:AKS) posted a fourth-quarter loss on Thursday in its latest earnings report, missing analysts' earnings and sales estimates and sending share prices downward in advance of a pending $3 billion acquisition by Cleveland-Cliffs Inc. (NYSE:CLF). The West Chester-based manufacturer of flat-rolled carbon, stainless and electrical steel products reported a $53.9 million loss in the fourth quarter of 2019 after posting a $33.5 million profit during the same period in 2018. The…