CLF Drops Over 4% Following Antitrust Approval for Stelco Acquisition

3 days ago

Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Department of Justice's antitrust review for its acquisition of Canadian steel company Stelco. The transaction is expected to finalize by the fourth quarter of 2024.

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