Stelco Holdings Inc (TSE:STLC) has released an update.
Stelco Holdings Inc. is set to be acquired by Cleveland-Cliffs Inc.’s subsidiary after receiving final court approval for a planned arrangement, with the transaction expected to close in Q4 2024. Shareholders of Stelco are to receive C$60.00 in cash and 0.454 of a Cliffs common stock share per Stelco common share. Stelco, a leading North American steelmaker known for its advanced facilities and quality steel products, caters to diverse industries and emphasizes inclusion in its corporate culture.
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