Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion
A sign sits on top of the the ArcelorMittal plant in Ostrava, Czech Republic. (Photographer: Martin Divisek/Bloomberg)

Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion

(Bloomberg) -- Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.