AK Steel Adds 5% After Hedge Fund Manager Discloses 4.8% Sta

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AK Steel (AKS) rises after hedge fund manager Steven A. Cohen disclosed a 4.8% stake in the company. Cohen's SAC Capital Advisors fund bought 2.3 million shares, and CR Intrinsic Investors funds another 3 million shares, AP reports. The deals make Cohen one of the largest shareholders, the story said.

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