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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cleveland Cliffs Inc | NYSE:CLF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.43 | 2.49% | 17.71 | 17.66 | 17.305 | 17.44 | 6,880,940 | 01:00:00 |
By Colin Kellaher
Shares of Cleveland-Cliffs Inc. rose nearly 9% on Monday after the iron-ore mining company agreed to buy the U.S. business of steel giant ArcelorMittal S.A. for about $1.4 billion.
The Cleveland company said the deal will make it North America's largest producer of flat-rolled steel and iron-ore pellets.
Cleveland-Cliffs also will assume liabilities valued at about $2 billion.
Cleveland-Cliffs shares were recently up 8.7% to $6.39. ArcelorMittal American depositary receipts were up 7.8% to $13.03.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 28, 2020 10:00 ET (14:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Cleveland Cliffs Chart |
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