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Cleveland-Cliffs Receives Regulatory Clearance for Stelco Acquisition
10/30/2024 - Cleveland-Cliffs Inc. said it expects to close its acquisition of Canada’s Stelco on Friday after clearing its final regulatory hurdle.
According to Cliffs, the acquisition has been given the go-ahead under the Investment Canada Act and Strategic Innovation Fund.
Cliffs announced plans in July to acquire Stelco for CA$60.00 per share in cash, plus 0.454 of a share of Cliffs common stock.
