Hamilton steel maker Stelco Holdings sold to Cleveland-Cliffs for $3.4 billion

HAMILTON, ONT.— Hamilton, Ont.-based steel maker Stelco Holdings Inc. is set to be acquired by Cleveland-Cliffs Inc. for $3.4 billion. Stelco says it has agreed to sell all issued and outstanding common shares for $70 per share to the Cleveland-based steel producer. Stelco chief executive Alan Kestenbaum says he is confident that Cleveland-Cliffs will remain … Continue reading Hamilton steel maker Stelco Holdings sold to Cleveland-Cliffs for $3.4 billion