U.S. Antitrust Review For Cleveland-Cliffs' Acquisition Of Stelco Waiting Period Expires
Portfolio Pulse from Benzinga Newsdesk
The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Cleveland-Cliffs' acquisition of Stelco has expired, clearing a regulatory hurdle. The sale is expected to close in Q4 2024 after other conditions are met.
October 08, 2024 | 11:18 am
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POSITIVE IMPACT
Cleveland-Cliffs' acquisition of Stelco has passed a significant regulatory milestone with the expiration of the HSR Act waiting period. This development moves the acquisition closer to completion, expected in Q4 2024.
The expiration of the HSR Act waiting period is a key regulatory step in mergers and acquisitions. This progress suggests a higher likelihood of the deal's completion, which is positive for Cleveland-Cliffs as it expands its operations.
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