Tag: Cleveland Cliffs

ArcelorMittal USA sold to Cleveland-Cliffs

Under the terms of the sale, ArcelorMittal has received $505 million cash, 78 million shares of Cleveland-Cliffs common stock and non-voting preferred stock which is redeemable for approximately 58 million shares of Cleveland-Cliffs common stock or an equivalent amount in cash.

P. Kelly Tompkins retires from Cleveland-Cliffs

Cleveland-Cliffs Inc. announced that P. Kelly Tompkins, executive VP and CEO, will retire at the end of December. Tompkins assumed his current position in January, 2017, after serving as executive VP and CFO for the past two years.

Cleveland takes over Portman

Cleveland Cliffs has ended its takeover of iron ore miner Portman Ltd with a 99.27% interest, boosted by acceptances to its offer and on market purchases.