Stelco Holdings Inc (TSE:STLC) has released an update.
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Stelco Holdings Inc. has agreed to be acquired by Cleveland-Cliffs Inc. for C$70 per share, valuing the Canadian steel company at C$3.4 billion, representing significant premiums over recent share prices. This strategic acquisition brings together two leading steel producers, with Stelco’s major shareholders backing the deal, highlighting the revitalized strength and national importance of Stelco in Canada.
For further insights into TSE:STLC stock, check out TipRanks’ Stock Analysis page.
