Cliffs Natural Resources today announced that, in a further attempt to resolve the costly and distracting proxy contest, the Company is reaching out to Casablanca Capital to make a reasonable settlement offer in connection with its 2014 Annual Meeting of Shareholders, which would provide Casablanca with significant representation on the Cliffs [...]
Cliffs Natural Resources Inc. (NYSE:CLF) today issued the following statement: This late addition to the Casablanca Capital slate removes any doubt that Casablanca continues to try to acquire control of the Cliffs Board of Directors. Cliffs believes in shareholder representation on the Board, but believes that handing over control of the Board to [...]
CLEVELAND, June 30, 2014 (GLOBE NEWSWIRE) -- Cliffs Natural Resources Inc. Receives Unanimous Support from Lenders to Amend Existing Unsecured Revolving Credit Facility for the Life of the Facility, Providing More Consistent Access to this Core Liquidity Source Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into an [...]
Cliffs Natural Resources Inc. Receives Unanimous Support from Lenders to Amend Existing Unsecured Revolving Credit Facility for the Life of the Facility, Providing More Consistent Access to this Core Liquidity Source
Casablanca Capital LP (Casablanca), the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE: CLF), today announced that Patrice Merrin has withdrawn from the slate of directors nominated by Casablanca to serve on the Cliffs Board following her appointment today to the Board of Directors of Glencore plc We congratulate [...]
Cliffs Natural Resources today issued a letter to shareholders in connection with its upcoming 2014 Annual Meeting of Shareholders scheduled to be held on July 29. The Company issued the following letter to all shareholders: Dear Fellow Cliffs Shareholder, At Cliffs, our Board and management team have been laser-focused on executing a strategy to [...]
Casablanca Capital LP, (Casablanca) the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE:CLF), today issued a statement in connection with the Companys upcoming 2014 Annual Meeting of Shareholders on July 29, 2014. Donald Drapkin, Chairman of Casablanca said, Todays assertions by Cliffs Directors include serious [...]
Casablanca's Short-Term Strategy Would Destroy Shareholder Value
Casablanca Has Urged Financial Engineering While the Cliffs Board and Management Team Have Implemented Sustainable, Long Term Financial and Operating Policies to Preserve Viability of Cliffs
Casablanca's Nominees and Proposed CEO Candidate Lack the Crucial Industry [...]
Board of Directors Addresses Change of Control Provision Within Senior Notes Indenture in Connection with Proxy Contest
CLEVELAND - June 19, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) continues to believe that it is in the best interest of Cliffs' shareholders to support all nine of the Company's nominees at the upcoming Annual [...]
Slams Cliffs' Board for Track Record of Value Destruction Asks Shareholders to Support New Leadership, Vote GOLD Card Today NEW YORK, June 19, 2014 /PRNewswire/ -- Casablanca Capital LP, ("Casablanca") the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE: CLF), today issued a letter to stockholders in connection with [...]
Cliffs Natural Resources today announced that it has filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming 2014 Annual Meeting of Shareholders to be held on July 29, 2014. Cliffs shareholders of record at the close of business on June 2, 2014, will be entitled to vote at the Annual Meeting [...]
Cliffs Natural Resources Inc. Files Definitive Proxy Materials in Connection with 2014 Annual Meeting of Shareholders
CLEVELAND - June 10, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) today filed its definitive proxy materials with the Securities and Exchange Commission ("SEC") in connection with [...]