Cleveland-Cliffs to Acquire ArcelorMittal

The deal is worth roughly $1.4 billion. 

ST. LOUIS COUNTY, Minn. – Cleveland Cliffs has announced it has entered into a definitive agreement with ArcelorMittal to acquire all of the operations of ArcelorMittal and its subsidiaries. The deal is worth roughly $1.4 billion. Once the deal closes, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America. The company will also be the largest iron ore…