Hints and tips:
...Nippon offered $55 a share in cash for US Steel in December, months after the American company had rebuffed a lower offer from US-based Cleveland-Cliffs....
...They would have preferred a transaction with Cleveland-Cliffs....
...Cliffs shares have risen 50 per cent in the last five years. The integrated iron ore miner and steelmaker has become an industry consolidator....
...Cleveland-Cliffs was founded in 1847 to mine iron ore in the Great Lakes region....
...Cleveland, an iron ore specialist that had bought its way into steel production, had initially made a cash and stock offer....
...The acquisition further strengthens Cleveland-Cliffs’ position following its purchase of AK Steel in a $1.1bn all-stock transaction announced last year....
...Iron ore miner Cleveland-Cliffs moved into steel production with the purchase of AK Steel in March. It hopes to sharpen margins with an estimated $150m of annual savings....
...Europe’s biggest steelmaker also recently agreed to sell the bulk of its US operations in September to rival Cleveland-Cliffs for $1.4bn in a shares-and-cash deal....
...Although ArcelorMittal is not completely exiting from North America, the shift in geographic focus was underscored by the company’s disposal of the bulk of its US operations for $1.4bn to Cleveland-Cliffs...
...Cleveland-Cliffs, a junk-rated iron-ore miner from Ohio, gave some indication of the steps necessary to come to market when it broke the issuance deadlock on Monday, running up against a mid-month deadline...
...Back then, the shares traded at far less than half the enterprise value to ebitda multiple of peers such as Cleveland-Cliffs or Rio Tinto....
...The remarks came during a rambling analyst call in which Lourenço Goncalves, the Cleveland-Cliffs chief executive, vowed to “screw” short-sellers betting against the company’s shares, praised President Donald...
...AIG’s connection with Stowe dates back to the 1940s, when company founder Cornelius V Starr was a frequent visitor....
...Hal (later Henry V) was a wrought-iron candlestick and Falstaff an appropriately rotund brandy bottle....
...I had set off from Santa Maria Navarrese with Luca Gasparini, 49, a mountain guide usually based in the Dolomites, and Agustina Lagos Marmol, 44, owner of a Dolomites winter sports company....
...POP Ziggyology , by Simon Goddard, Ebury Press, £20, 352 pages After the comeback and the V&A retrospective comes Bowie fatigue. Do we need more adulation?...
...Now Wuhan Steel can expand this trading relationship with Cliffs, said Joseph Carrabba, chief executive of the historic Cleveland-based company....
...To Arthur’s energetic, hand-wagging stage direction, I did Crispin Crispian from Henry V, or “All The World’s a Stage” in the living room while my mother fried the gefilte fish....
...Last year, when the market for metallurgical coal was strong, Alpha said it would be acquired by Cleveland Cliffs, an iron ore miner....
...Cleveland-Cliffs has agreed to buy Alpha Natural Resources, an Appalachian coal mining company, for nearly $10bn in cash and stock, in another indication that companies with solid credit ratings and a strong...
...Unless Cleveland-Cliffs can change Harbinger's mind, the companies may have handed ArcelorMittal, a key Cleveland-Cliffs customer, an advantage....
...Alpha drew a higher cash-and-stock offer from US iron ore miner Cleveland-Cliffs, announcing a deal July 16....
...Company at knock-down rates....
...Harbinger used Moelis & Co, the boutique merger advisory firm, to drum up bid interest in Cleveland-Cliffs, the iron ore miner, earlier in the year, and is using the same strategy in regard to AK Steel,...
...Cleveland-Cliffs, a US iron ore miner, took a hit from its biggest shareholder last week, possibly throwing its proposed acquisition of coal miner Alpha Natural off track....
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