Hamilton steelmaker Stelco sold to Cleveland-Cliffs for $3.4B
Hamilton-based steelmaker Stelco Holdings Inc. is set to be acquired by U.S.-based Cleveland-Cliffs Inc. for $3.4 billion Cdn. Stelco said it has agreed to sell all issued and outstanding common shares for $70 per share to the Ohio-based steel producer. Stelco chief executive Alan Kestenbaum said he is confident Cleveland-Cliffs will remain a reliable supplier … Read more
