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CLF Cleveland Cliffs Inc

17.71
0.43 (2.49%)
04 May 2024 - Closed
Delayed by 15 minutes
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

Cleveland-Cliffs Shares Rally on ArcelorMittal Deal

28/09/2020 3:15pm

Dow Jones News


Cleveland Cliffs (NYSE:CLF)
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From May 2019 to May 2024

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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.

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