McCarthy, Blakes, A&O Shearman and Davis Polk Advise on $3.4B Sale of Iconic Canadian Steel Business to US Steel Producer

Canadian firms McCarthy Tétrault, Blake, Cassels & Graydon and Stikeman Elliott, along with A&O Shearman and Davis Polk & Wardwell, are the legal advisers in a deal that will see U.S.-based Cleveland-Cliffs Inc. buy storied Canadian steelmaker Stelco Holdings Inc.

The transaction announced Monday is worth approximately C$3.4 billion (US$2.5 billion).

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