Cliffs Natural spikes higher after Casablanca Capital urges spin off Casablanca Capital, which has a stake of approximately 5.2% in the company wants the company to spin off its international assets, double the annual dividend, cut costs, and convert U.S. assets into an MLP. Price is up 7.4% to $20.84. In a note Credit Suisse has suggested today's strength is a shorting opportunity. At current price, next resistance is at $21.90, the session high. Support is at $19.85.