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It would come after Cleveland-Cliffs acquired AK Steel, a U.S. maker of flat-rolled carbon steels, including stainless steel, for $3 billion, including debt, last March. The latest deal could result in the merger of U.S. assets of Luxembourg-based ArcelorMittal that are worth between $2 billion and $3 billion with Cleveland-Cliffs, one of the sources said....
It would come after Cleveland-Cliffs acquired AK Steel, a U.S. maker of flat-rolled carbon steels, including stainless steel, for $3 billion, including debt, last March. The latest deal could result in the merger of U.S. assets of Luxembourg-based ArcelorMittal that are worth between $2 billion and $3 billion with Cleveland-Cliffs, one of the sources said....
Journal Editorial Report: Paul Gigot interviews Dr. Martin Makary of Johns Hopkins University. Image: Dado Ruvic/Reuters...
Journal Editorial Report: What it means for the Court and the presidential election. Image: Olivier Douliery/AFP via Getty Images...
Serial entrepreneur Spencer Rascoff announced plans to launch a SPAC on Friday.The Management Team: Supernova Partners Acquisition Company (NYSE: SPNV) was formed by Spencer Rascoff, Alexander Klabin, Robert Reid and Michael Clifton.Spencer Rascoff will serve as the co-chairman of this SPAC. Rascoff is the co-founder of Zillow Group (NASDAQ: Z), Hotwire and dotLA. Rascoff served as the CEO of Zillow for over 10 years where he led the company through more than 15 acquisitions, including of its largest rival Trulia.Rascoff helped lead the IPO efforts for Zillow, whose shares are up more than 250% over the last five years.Rascoff also led the sale of Hotwire to Expedia (NASDAQ: EXPE) for $685 million.JPMorgan (NYSE: JPM) will serve as the underwriter on this SPAC.The Offering: Supernova Partners Acquisition will offer 30 million units at a price point of $10 to raise $300 million. Each unit will include one common share and one-third of...
The infusion of $350 million will accelerate development of fully electric options and a move into Classes 7 and 8. ...
