New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 7, 2014
06:45 EDTCLFCliffs Natural postpones annual meeting of holders, Casablanca rejects offer
Cliffs Natural Resources announced that, in an attempt to avoid a costly and distracting proxy contest, the company has attempted in good faith to reach a settlement with Casablanca Capital that it believes would be in the best interests of all Cliffs shareholders. Casablanca has requested that Cliffs postpone the record date for its annual meeting of shareholders. In order to accommodate this request and to continue to pursue a potential settlement, Cliffs has determined to postpone the record date for its annual meeting of shareholders, originally scheduled to be held on May 13. The new record date will be announced in a future press release. Cliffs proactively offered to permit Casablanca to appoint two new independent directors to the Cliffs' board and a third mutually agreed upon director to be named at a later date. However, Casablanca rejected the company's settlement offer and stated that they plan to continue their effort to seek full control of the Cliffs' board and to replace Cliffs' CEO through a proxy contest, representation that is entirely disproportionate to Casablanca's recently acquired stake in the company and that does not offer Cliffs' shareholders a control premium.
News For CLF From The Last 14 Days
Check below for free stories on CLF the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
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