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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
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February 23, 2015
07:40 EDTCLFBMO Capital to hold a conference
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February 18, 2015
07:17 EDTCLFCliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan
Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".

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