ArcelorMittal USA Being Acquired by Cleveland-Cliffs

Cleveland-Cliffs has announced is it acquiring ArcelorMittal USA for approximately one-point-four billion dollars in cash and stock. A news release said upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America. Here are links for more information: http://www.clevelandcliffs.com/investors/Cleveland-Cliffs-Announces/default.aspx , https://corporate.arcelormittal.com/media/press-releases/arcelormittal-unlocks-value-through-separation-of-integrated-us-assets-and-repositions-its-footprint-in-north-america