Cleveland Cliffs to acquire Canadian steelmaker Stelco for $2.5 billion

American Steel manufacturer Cleveland Cliffs on Monday announced its decision to acquire Canadian steelmaker Stelco Holdings for an enterprise value of approximately $2.5 billion, the company said, in a move that will expand the company’s steelmaking footprint.  The acquisition follows its failed bid to acquire US Steel last year for $7.3 billion. US Steel had called […]