Cases & Deals

Cleveland-Cliffs acquires minority partner's interest in United Taconite

Clients Cleveland-Cliffs Inc

Jones Day advised Cleveland-Cliffs Inc in its acquisition of the remaining 30% interest in United Taconite, LLC from joint venture partner United Mining Co.

Consideration will be a mix of cash, stock and iron ore pellets. The total includes $100 million in cash and 1,529,619 Cleveland-Cliffs common shares. In addition, the transaction includes a provision to supply 1.2 million tons of iron ore pellets over the next five quarters at no cost.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.