Stelco Holdings Inc (TSE:STLC) has released an update.
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Stelco Holdings Inc. has received overwhelming shareholder approval for its acquisition by Cleveland-Cliffs Inc., as announced in a recent meeting. The deal, subject to court approval and other conditions, is expected to close in the fourth quarter of 2024. This move is significant for the North American steel industry, as Stelco is known for its cost-effective and technologically advanced steelmaking facilities.
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