Cleveland-Cliffs Inc.

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Description

Cleveland-Cliffs Inc: What Is The Big Impact Of M&A Activity On Its Future?

 

Cleveland-Cliffs Inc. recently conducted an earnings conference call to report their 2023 full year and fourth quarter financial results alongside their M&A strategy and capital allocation priorities going forward. The company’s comments were predictive and constituted forward-looking statements that may be subject to certain risks and uncertainties. During the session, Cleveland-Cliffs’ CFO, Celso Goncalves, highlighted the company’s recent involvement in the U.S. Steel sale process and clarified the company’s M&A strategy. Cleveland-Cliffs has a track record of executing and closing value-accretive transactions, with two acquisitions in 2020 involving iron and steel-making assets. Notably, Goncalves mentioned that Cliffs offered over $60 per share as a final proposal for acquiring U.S. Steel, which was unfortunately not successful.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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