Cleveland-Cliffs Announced That It Has Received A "no-action Letter" From The Canadian Competition Bureau Confirming That The Commissioner Of Competition Does Not Intend To Challenge Cliffs' Pending Acquisition Of Stelco Holdings
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs has received a 'no-action letter' from the Canadian Competition Bureau, indicating that the Commissioner of Competition will not challenge its pending acquisition of Stelco Holdings.
October 09, 2024 | 10:06 am
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Cleveland-Cliffs' acquisition of Stelco Holdings is set to proceed without opposition from the Canadian Competition Bureau, as indicated by the 'no-action letter'.
The 'no-action letter' from the Canadian Competition Bureau suggests regulatory approval, reducing uncertainty and potentially boosting investor confidence in the acquisition's completion.
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