Ministerial statement on the Investment Canada Act review of Cleveland-Cliffs acquisition of Stelco [Globe and Mail, The (Toronto, Canada)]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Globe and Mail, The
"Foreign investment encourages economic growth, innovation, and employment opportunities in Canada . At the same time, the Government of Canada has a responsibility to make sure the most significant foreign investments will benefit Canadians. "On July 15, 2024 , Stelco Holdings Inc. and Cleveland-Cliffs announced an agreement pursuant to which Cleveland-Cliffs would acquire all of the outstanding shares of Stelco. "Following an extensive review under the Investment Canada Act , yesterday, I approved the investment. This approval is contingent on a significant package of binding, five-year-long undertakings to support Cleveland-Cliffs' net benefit case which it provided as part of the review process, including: To respect Stelco's historic brand by carrying on operations under the name, "Stelco, a Cleveland-Cliffs Company"; To maintain Stelco's head office in Hamilton , with responsibility for Stelco's day-to-day operations; To continue to employ at least the same number of
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CLF
News
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CLF
Earnings
- 11/4/24 - Miss
CLF
Sec Filings
- 11/22/24 - Form 4
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- CLF's page on the SEC website