18
Jun
12:41
ArcelorMittal to sell $764m in Cleveland-Cliffs stock
Global steel giant ArcelorMittal has sold off its last bit of common shares in Cleveland-Cliffs, which bought ArcelorMittal USA last year for $1.4 billion.
ArcelorMittal plans to use $750 million of the approximately $764m it will receive from selling off 38.2m shares in Cleveland-Cliffs to initiate a share buyback programme, Kallanish understands.
“The disposal of the remaining common shares in Cleveland Cliffs brings the total cash proceeds from the…
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Anonymous
Very good overview of the weekly steel market.
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