Cleveland-Cliffs (CLF) announced that it has received regulatory and program approvals under the Investment Canada Act and Strategic Innovation Fund, the final approvals needed to complete Cliffs’ pending acquisition of Stelco Holdings. With these approvals in hand, the acquisition can move to closing. The transaction is currently scheduled to close on November 1.
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Read More on CLF:
- Cleveland-Cliffs call volume above normal and directionally bullish
- Cleveland-Cliffs receives clearance in Canada for acquisition of Stelco
- Cleveland-Cliffs Launches $1.6 Billion Senior Notes Offering
- Cleveland-Cliffs announces expiration of HSR Act waiting period for Stelco deal
- Cleveland-Cliffs price target lowered to $13.50 from $15 at Morgan Stanley