Cleveland-Cliffs widens North American lead as top flat-rolled steel producer with new acquisition

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 19 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

@Lll أخبار

@Exmeter

Cleveland-Cliffs Inc. completed a $2.8 billion cash and stock acquisition of Stelco Holdings of Ontario

Cleveland-Cliffs Inc. has completed its $2.8 billion cash and stock acquisition of Stelco Holdings Inc. of Ontario, Canada. CLEVELAND, Ohio - Cleveland-Cliffs Inc. led Northeast Ohio’s mergers and acquisitions activity for the week by completing its $2.8 billion cash and stock

The acquisition adds to Cliffs’ position as the largest flat-rolled steel producer in North America, diversifies the Cleveland company’s end markets and expands its geographical presence in Canada, Cleveland-Cliffs said in a“Today marks a transformative step forward for Cleveland-Cliffs,” Lourenco Goncalves, Cliffs’ chairman, president and CEO, said in a statement.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 301. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين