Stelco Holdings Inc (TSE:STLC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.