Hamilton’s storied steel manufacturer Stelco is being purchased in a $3.4-billion deal by one of the largest steel producers in the U.S.
Stelco announced early Monday in a release that Cleveland-Cliffs Inc. has entered into an agreement to buy the Hamilton-based steel company for $70 per share, a cash-and-stock transaction valued at more than $3.4 billion.
Already a Subscriber? Sign in
You are logged in