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Cleveland: Cleveland-Cliffs

KJP
in Ohio Business and Economy

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Cliffs better get the stock price up or it will be a vulture target. $5.82 a share at the moment - total market cap $2.88 billion, which is less than they paid out for the last three acquisitions.

Remember: It's the Year of the Snake

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    • LlamaLawyer
      LlamaLawyer

      The pessimism is kind of amusing. Here we have a fortune 500 company based in Cleveland since before the civil war, with Cleveland being part of its name, trying to acquire another huge company and pe

    • KJP
      KJP

      Sources: If Cliffs + US Steel happens, so does a new HQ By Ken Prendergast / September 26, 2023   Something is happening inside 200 Public Square that isn’t happening at many other downtow

    • Ethan
      Ethan

      Cool, so now I'm opposed to Cliffs acquiring US Steel... Go Nippon! My interests in this were always purely from a Cleveland pride standpoint and now that it seems like this deal is likely to reduce C

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    4 hours ago, Dougal said:

    Cliffs better get the stock price up or it will be a vulture target. $5.82 a share at the moment - total market cap $2.88 billion, which is less than they paid out for the last three acquisitions.

    With what Nippon is paying, I don’t get how Cleveland Cliffs price isn’t higher. Not completely the same kind of company but still a decent amount of overlap.

    On 12/18/2023 at 7:48 AM, 646empire said:


     

    …… As I tried to mention a few months ago the cliffs deal seemed off to me from the very beginning. I was surprised by how many people assumed it was a lock. I’m a bit familiar with mergers and acquisitions and have been hearing all along that things was very up in the air.

    “Under terms of the deal, US Steel’s operations will retain its name and will continue to have a headquarters in Pittsburgh.”


    https://www.cnn.com/2023/12/18/investing/us-steel-nippon-steel-deal/index.html

     

     

    …….. welp.

    Edited by 646empire

    On 3/15/2024 at 7:17 PM, X said:

    If by "politics is playing a HUGE role" you mean, "Biden administration is actually enforcing anti-trust laws", then yes, you are correct.

    …… USA. It’s all a game filled with lies.

    32 minutes ago, Cleburger said:

    Somewhere a wire transfer found it's way to Trump's account....

    The crypto currency event

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