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July 17, 2014
09:50 EDTCLFEgan-Jones recommends Cliffs Natural investors vote for director nominees
Cliffs Natural Resources announced that Egan-Jones Proxy Services, an independent proxy advisory firm, has recommended that Cliffs shareholders vote "FOR ALL" of Cliffs' director nominees on the WHITE proxy card in connection with the company's 2014 Annual Meeting of Shareholders to be held on Tuesday, July 29. In its report, Egan-Jones stated: "[We believe that the] dissidents are unpersuasive in making their case that implementing their strategies and being given a majority of the seats on the Board -- which would be vastly disproportionate to their current holdings in the company -- would likely lead to significant increases in stockholder value. We are particularly troubled by the dissidents' reported insistence on requiring Mr. Lourenco Goncalves as the company's executive chairman, given his experience. "[We believe] that the Company's reconstituted Board and its new management team led by CEO Gary Halverson, having the qualifications and experience we believe necessary to lead the company through the volatile iron ore and met coal price environment, deserve the opportunity to see through the implementation of their plans."
News For CLF From The Last 14 Days
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November 17, 2015
16:00 EDTCLFMesabi Trust: Cliffs Natural temporarily idling iron ore pellet production
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08:37 EDTCLFCliffs Natural idling iron ore pellet production at Northshore Mining operation
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