Cleveland-Cliffs to buy Canada’s Stelco in $2.5B cash-and-stock deal (NYSE:CLF)
2024-07-15
lyash01/iStock via Getty Images Cleveland-Cliffs (NYSE:CLF) -5.7% pre-market Monday after saying it agreed to acquire Canadian steel producer Stelco Holdings (OTCPK:STZHF) in a stock-and-cash deal valued at ~$2.5B. Under the deal terms, Cleveland-Cliffs (CLF) will pay C$70/share, consisting of C$60/share in cash plus 0.454 common shares for each Stelco (OTCPK:STZHF)Continue Reading