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  • Yesterday

  • Sep 17, 2024

  • Sep 16, 2024

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    • 4:58PM ET on Monday Sep 16, 2024 by MT Newswires
      Companies Mentioned: CLF
      04:58 PM EDT, 09/16/2024 (MT Newswires) -- Cleveland-Cliffs (CLF) said Monday that Stelco Holdings' (STLC) shareholders approved the indirect acquisition of Stelco by Cliffs. Cliffs said it expects to close the transaction in Q4 and on completion, S...
    • 4:15PM ET on Monday Sep 16, 2024 by Dow Jones
      Companies Mentioned: STLC, CLF

      the transaction agreement between the two companies, including, but not limited to, the companies' inability to obtain necessary regulatory approvals; the risk of shareholder litigation relating to the proposed transaction that could be instituted against Stelco, Cliffs or their respective directors and officers; the possibility that Cliffs and Stelco will incur significant transaction and other costs in connection with the proposed transaction, which may be in excess of those anticipated by Cliffs; the risk that the financing transactions to be undertaken in connection with the proposed transaction may have a negative impact on the combined company's credit profile, financial condition or financial flexibility; the possibility that the anticipated benefits of the proposed acquisition of Stelco are not realized to the same extent as projected and that the integration of the acquired business into our existing business, including uncertainties associated with maintaining relationships with customers, vendors and employees, is not as successful as expected; the risk that future synergies from the proposed transaction may not be realized or may take longer than expected to achieve; the possibility that the business and management strategies currently in place or implemented in the future for the maintenance, expansion and growth of the combined company's operations may not be as successful as anticipated; the risk associated with the retention and hiring of key personnel, including those of Stelco; the risk that any announcements relating to, or the completion of, the proposed transaction could have adverse effects on the market price of Cliffs' common shares; and the risk of any unforeseen liabilities and future capital expenditures related to the proposed transaction.

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