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Cleveland-Cliffs surges after a rejected buyout offer. Here’s how the pros are playing it

Chaim Potok by Chaim Potok
August 14, 2023
in Investing
Cleveland-Cliffs surges after a rejected buyout offer. Here’s how the pros are playing it
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Market Movers rounded up the best reactions on Cleveland-Cliffs from investors and analysts. The pros, including Jim Cramer , discussed the mining name a day after United States Steel said it turned down a $7.3 billion dollar buyout offer from the rival company. Cleveland-Cliffs CEO, Lourenco Goncalves, joined CNBC Monday to discuss his thoughts on the rejected deal and what he sees moving forward. Shares of Cleveland-Cliffs closed 8.8% higher.

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