Cleveland-Cliffs Stock Set to Open Lower After Acquisition

Cleveland-Cliffs Inc (NYSE:CLF) is acquiring Canadian steel company Stelco Holdings in a $2.5 billion deal, adding 1,800 United Steelworkers (USW) union employees to its workforce. Following the news, CLF is trading 2.2$16 after popping above the level on Friday for the first time since early June. The security is also on track to fall back below recently reclaimed support at its 40-d ...