Cleveland-cliffs Buys Arcelormittal's Us Business For $1.4b

CLEVELAND (AP) — Cleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock. About a third of the deal will be an up front cash payment of about $505 million, the companies said Monday.Read more on NewsOK.com

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