Glass Lewis Recommends Shareholders Vote On WHITE Proxy Card For ALL Seven Cliffs Nominees All Three Proxy Advisory Firms Have Consistently Recommended Cliffs Retain Majority of the Board CLEVELAND, July 24, 2014 (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. (NYSE:CLF) today announced that Glass Lewis & Co ("Glass Lewis"), a leading proxy [...]
Casablanca Capital LP, (“Casablanca”) the beneficial owner of approximately 5.2% of Cliffs Natural Resources (“Cliffs”) shares, today urged its fellow Cliffs shareholders to disregard Glass Lewis’s last minute reversal of its recommendation to vote for Casablanca’s GOLD card. On July 16th, both Institutional Shareholder Services (“ISS”) and Glass [...]
Decreases Year-over-Year Capital Spending by 77%, or $210 Million, to $61 Million and Improves Cash-Cost-Per-Ton Rates Across All Business Segments Reports a Net Loss Attributable to Cliffs' Common Shareholders of $2 Million, or $0.01 Per Diluted Share Reduces Full-Year Cash-Cost-Per-Ton Outlook for Bloom Lake Mine and Asia Pacific Iron Ore [...]
Urges Shareholders to Vote on the WHITE Card to Elect a Board with Seven Cliffs Nominees and Four Casablanca Nominees Voting the Gold Card Risks Giving Casablanca a Majority of the Board CLEVELAND, July 21, 2014 (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following open letter to shareholders in connection [...]
Casablanca Capital, the beneficial owner of approximately 5.2% of Cliffs Natural Resources, today issued the following statement on the latest Cliffs press release: “This is a desperate last-minute ploy by a self-interested Board that will stop at nothing to keep its seats, maintain the status quo and prevent real change in our view. We are [...]
Cliffs Reduces Director Slate on WHITE Proxy Card from Nine to Seven Candidates - Four Seats Open for Casablanca Nominees ISS and Glass Lewis Expressly Recommended Casablanca Not Receive a Majority of Cliffs' Board Seats Based on Cumulative Voting Structure, Cliffs Believes Support for Only Four Casablanca Nominees on Gold Card Would Give [...]
CLIFFS responds to ISS and Glass Lewis reports Warns Shareholders that Voting on Gold Card Instead of WHITE Card Will Likely Give Casablanca a Majority of the Board Given Effect of Cumulative Voting Urges Shareholders to Preserve the Value of Their Investment by Voting the WHITE Proxy Card Today CLEVELAND, July 17, 2014 (GLOBE NEWSWIRE [...]
CLEVELAND - July 17, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) today said it intends to announce unaudited 2014 second-quarter financial results before the U.S.-market open Thursday, July 24, 2014.
The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
Casablanca Capital LP, (“Casablanca”) today announced that Institutional Shareholder Services (“ISS”) and Glass Lewis & Co (“Glass Lewis”), the nation’s two leading independent proxy voting and corporate governance advisory firms, have both recommended that Cliffs shareholders vote on the GOLD proxy card in connection with the Company’s 2014 Annual [...]
Casablanca Capital LP, (Casablanca) the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE: CLF), today issued a letter to shareholders in connection with Casablancas campaign for fundamental change at Cliffs and its nomination of six director candidates for election to the Board of Directors at the Companys upcoming [...]