Cleveland-Cliffs (CLF) to Acquire Stelco in CAD 3.4B Deal
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Cleveland-Cliffs to Acquire Stelco for C$70 per Share
July 15, 2024 6:00 AM EDTNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
HAMILTON, Ontario--(BUSINESS WIRE)-- Stelco Holdings Inc. (TSX: STLC) (Stelco or the Company) is pleased to announce that it has entered into a definitive agreement (the Arrangement Agreement) with Cleveland-Cliffs Inc. (NYSE: CLF) (Cliffs), pursuant to which Cliffs has agreed to acquire all of the issued and outstanding common shares of Stelco (the Transaction) at a price of C$70.00 per share (the Consideration),... More
