Cliffs Natural Resources Inc (CLF.N)
17 Apr 2014
|Market Cap (Mil.):||$2,855.08|
|Shares Outstanding (Mil.):||153.09|
March 26 - * S&P says Essex Property Trust Inc to replace Cliffs Natural Resources
* Says offered to let Casablanca appoint two independent directors
* Says offered to let Casablanca appoint two independent directors to the board
(Corrects paragraph 7 to say the company appointed Gary Halverson to the top job last month, not earlier this month)
March 7 - Iron ore producer Cliffs Natural Resources Inc said Casablanca Capital LP rejected an offer to settle a proxy fight and the activist investor was seeking full control of the company's board.
March 6 - Activist investor Casablanca Capital LP on Thursday nominated six directors for election to the board of Cliffs Natural Resources Inc, setting in motion a proxy battle for the iron ore producer that it wants split into two companies.
March 6 - Activist investor Casablanca Capital LP said on Thursday it sent a letter to Cliffs Natural Resources Inc nominating six directors for election to the company's board at its annual meeting in May.
* Could idle Bloom Lake Mine in Quebec if iron ore prices decline substantially for an extended period -CEO
Feb 13 - Cliffs Natural Resources Inc, which is facing against an activist investor who wants to break up the mining company, reported much better-than-expected earnings helped by a drop in costs and higher iron ore prices.
Feb 13 - Cliffs Natural Resources Inc, which is facing against an activist investor who wants to break up the mining company, reported higher fourth-quarter profits on Thursday helped in part by higher iron ore prices and a drop in the cost of goods sold.
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