14 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, COO, Steel Mills Terry G. Fedor had 39,046 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. Chairman, President & CEO Lourenco Goncalves received 490,910 shares as part of the equity award.
14 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, Business Development Traci L Forrester received 22,728 shares as part of the equity award.
14 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. EVP, HR & Chief Admin Officer Maurice Harapiak had 41,813 shares withheld for taxes on vesting stock.
6 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Douglas C Taylor acquired 786 shares at $14.56 under a company stock plan.
6 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Gabriel Stoliar acquired 2,060 shares and disposed of 618 in a set of related equity transactions.
6 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Janet L Miller acquired 515 shares at $14.56 under a company stock plan.
6 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Robert P Fisher Jr. acquired 515 shares at $14.56 under a company stock plan.
6 Jan 2021director interest notice● Neutral
CLEVELAND-CLIFFS INC. director M Ann Harlan acquired 1,030 shares at $14.56 under a company stock plan.
17 Dec 2020substantial holder notice● Neutral
ArcelorMittal, ArcelorMittal North America Holdings LLC disclosed a new substantial CLEVELAND-CLIFFS INC. shareholding (16.38% of votes).
17 Dec 2020director interest notice● Neutral
Arcelormittal became a CLEVELAND-CLIFFS INC. 10%+ owner and company insider (initial ownership filing).
9 Dec 2020asset acquisition disposition▲ GoodMajor
Cliffs completed its acquisition of substantially all of ArcelorMittal USA's operations from ArcelorMittal S.A. for $505 million cash plus Cliffs common and preferred stock, and separately bought out Nippon Steel's remaining stakes in the I/N Tek and I/N Kote joint ventures for about $183 million - creating the largest flat-rolled steel producer in North America with roughly $17 billion in pro forma revenue.
23 Oct 2020quarterly activities report▼ Bad
Cleveland-Cliffs reported third-quarter 2020 revenue of $1.6 billion, up from $556 million a year earlier, and net income of $2 million. Adjusted EBITDA was $126 million and cash from operations was $246 million.
23 Oct 2020quarterly activities report▼ Bad
CLEVELAND-CLIFFS INC. reported quarterly revenue of $1646.0 million and a net loss of $10.0 million for the period ended 2020-09-30.
5 Oct 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Janet L Miller acquired 1,119 shares at $6.70 under a company stock plan.
5 Oct 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Gabriel Stoliar acquired 4,478 shares and disposed of 1,343 in a set of related equity transactions.
5 Oct 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Douglas C Taylor acquired 1,707 shares at $6.70 under a company stock plan.
5 Oct 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Robert P Fisher Jr. acquired 1,119 shares at $6.70 under a company stock plan.
5 Oct 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director M Ann Harlan acquired 2,239 shares at $6.70 under a company stock plan.
28 Sept 2020capital raising announcement● NeutralMajor
Cleveland-Cliffs agreed on Sept 28, 2020 to buy substantially all of ArcelorMittal USA from ArcelorMittal S.A. for about $1.4 billion: $505 million in cash, 78,186,671 new common shares, and 583,273 shares of a new Series B Participating Redeemable Preferred Stock. This follows the AK Steel merger earlier in 2020 and, if completed, adds a second steelmaker; existing shareholders would be diluted by the new shares, and the new preferred ranks ahead of common shares on dividends and liquidation. Closing still needs regulatory approvals (including Hart-Scott-Rodino) and the deal can be ended if not completed by June 28, 2021 (extendable up to three months). The filing also says the company removed its old 7.00% Series A Mandatory Convertible Preferred from its articles because none remained outstanding, and consolidated its articles into a Fourth Amended Articles.
30 July 2020quarterly activities report▼ Bad
CLEVELAND-CLIFFS INC. reported quarterly revenue of $1093.0 million and a net loss of $124.0 million for the period ended 2020-06-30.
30 July 2020quarterly activities report▼ Bad
Cliffs reported second-quarter 2020 revenue of $1.1 billion, a net loss of $108 million (or $0.31 per share) and an adjusted EBITDA loss of $82 million. Liquidity was about $1.125 billion.
2 July 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director M Ann Harlan acquired 2,793 shares at $5.37 under a company stock plan.
2 July 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Gabriel Stoliar acquired 5,587 shares and disposed of 1,676 in a set of related equity transactions.
2 July 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Janet L Miller acquired 1,397 shares at $5.37 under a company stock plan.
2 July 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Robert P Fisher Jr. acquired 1,397 shares at $5.37 under a company stock plan.
2 July 2020director interest notice● Neutral
CLEVELAND-CLIFFS INC. director Douglas C Taylor acquired 2,130 shares at $5.37 under a company stock plan.
19 June 2020debt financing● Neutral
Cliffs added $120 million to its 6.75% Senior Secured Notes due 2026 (originally issued when the AK Steel merger closed in March 2020).
11 May 2020quarterly activities report▼ Bad
Cliffs filed its quarterly report for the three months ended March 31, 2020, a quarter that included the AK Steel acquisition completed on March 13, 2020.
4 May 2020director interest notice● Neutral
Kimberly A Floriani became a CLEVELAND-CLIFFS INC. VP, Corp Controller & CAO and company insider (initial ownership filing).