Cleveland Cliffs to acquire Canadian steelmaker Stelco for $2.5 billion
Monday, 15 July 2024 ()
American Steel manufacturer Cleveland Cliffs on Monday announced its decision to acquire Canadian steelmaker Stelco Holdings for an enterprise value of approximately $2.5 billion, the company said, in a move that will expand the company’s steelmaking footprint. The acquisition follows its failed bid to acquire US Steel last year for $7.3 billion. US Steel had called […]
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