New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2013
18:44 EDTCLF, AAUKYCliffs Natural, Anglo American to sell stakes in Brazilian joint venture
According to an SEC filing, on December 27, the board of directors of Cliffs Natural Resources (CLF) authorized the sale of the company’s 30% interest in the Amapá joint venture located in Brazil. Anglo American (AAUKY) currently owns the remaining 70% of Amapá. Both the company and Anglo American will be selling their respective interests in a 100% sale transaction to a single entity. Based on the results of the broad auction process and the terms of the pending sale, management of the company made a determination on December 27, that the value of its Amapá Interest recorded in the financial records of the company needs to be adjusted to reflect the fair value of our investment. Accordingly, the Company will record a pretax impairment charge of approximately $380M to $420M, all of which is non-cash, in the company’s financial statements as of December 31, 2012. The company does not expect that the sale of the Amapá Interest will result in material future cash expenditures.
News For CLF;AAUKY From The Last 14 Days
Check below for free stories on CLF;AAUKY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 16, 2014
09:59 EDTAAUKYOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:43 EDTAAUKYAnglo American, Rio Tinto seen as potential targets for Glencore, FT says
Subscribe for More Information
05:27 EDTAAUKYAnglo American upgraded to Buy from Hold at Deutsche Bank
September 10, 2014
08:08 EDTCLFCliffs Natural amends credit facilty to allow for $200M share repurchase program
Subscribe for More Information
September 7, 2014
12:59 EDTCLFIron ore giants keep up production amid falling prices, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use