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News Breaks
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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July 23, 2015
05:23 EDTCLFStocks with implied volatility movement; MDLZ CLF
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July 22, 2015
11:34 EDTCLFOptions with increasing put volume and implied volatility: RSX CLF FFIV
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