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Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:49 EDTCLFCasablanca says Cliffs Natural statement not 'genuine' attempt to settle
Casablanca Capital the beneficial owner of approximately 5.2% of Cliffs Natural Resources, issued the following statement on the latest Cliffs press release: “The press release issued by Cliffs before engaging with Casablanca’s principals is another public relations ruse by an incompetent and entrenched Board that has failed shareholders -- and in our view not a genuine attempt to reach a settlement that will create the fundamental change shareholders clearly want and deserve. We have no intention of negotiating through press releases but remain willing, as we have detailed in our public filings, to enter into a reasonable settlement that provides for real change. The current Board must be held accountable for wasting $9B on a disastrous diversification strategy and overseeing the destruction of 85% of shareholder value. Shareholders deserve better.”
News For CLF From The Last 14 Days
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May 20, 2015
16:23 EDTCLFCliffs Natural says Wabush has commenced restructuring proceedings
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