Cleveland-Cliffs announces acquisition of Stelco for $2.5 billion

Cleveland-Cliffs Inc. has entered into a definitive agreement to acquire Stelco Holdings Inc. for a total enterprise value of approximately USD $2.5 billion (CAD $3.4 billion). The acquisition expands Cliffs' steelmaking footprint in North America.

“The acquisition confirms Cliffs’ commitment and leadership in integrated steel production in North America, and also brings an additional 1,800 United Steelworkers union employees into Cliffs’ workforce.”markets.financialcontent.com

• 1 source
• markets.financialcontent.comUpcoming Events - Cleveland-Cliffs Announces the Acquisition of StelcoCleveland-Cliffs Inc.Jun 30, 2023

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