Search results
Results from the WOW.Com Content Network
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [3] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as Direct Reduced (DR) grade pellets for use in direct reduced iron (DRI ...
Cleveland-Cliffs was one of the first companies to make a bid, offering $7.8 billion to acquire the company. Cliffs proposed that it would split the deal by $17.50 in cash and just over one share's worth of Cliffs stock, which Cleveland-Cliffs presented as being worth $35 per share.
Cleveland-Cliffs shares are down about 7% this year, in-line with the drop seen in US Steel shares prior to its bid for the company. The bids also come with steel prices more than 50% off their ...
Cleveland Cliffs made an unsolicited $8.3 billion cash and stock offer for US Steel last year that was supported by the union, but it was rejected by the company. The nation’s automakers ...
NEW YORK (Reuters) -U.S. Steel Corp is locked in a spat with rival steelmaker Cleveland-Cliffs Inc over a confidentiality pact that would allow the latter to participate in a sale process that is ...
AK Steel (bought by Cleveland-Cliffs) Algoma Steel (assets bought by Essar Steel in April 2007) Arbed (merged in 2002 forming Arcelor) Arcelor (merged with Mittal forming ArcelorMittal) Baosteel Group (merged with Wuhan Group forming China Baowu Steel Group) Benxi Steel Group (merged with Ansteel Group) Bethlehem Steel (assets bought by ISG in ...
Cleveland-Cliffs’ offer to acquire U.S. Steel was first made in July, the market has now been informed, and it values U.S. Steel shares at $35, a 43% premium on Friday’s closing price of $22. ...
Retrieved from "https://en.wikipedia.org/w/index.php?title=Cleveland-Cliffs_Inc.&oldid=1009686561"