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 Casablanca a Majority of the Board CLEVELAND, U.S.A., July 18, 2014 (GLOBE [...]
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) -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that Egan-Jones [...]
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 investors to discuss the results.
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 Meeting of Shareholders on July 29, 2014. Casablanca is the beneficial [...]
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 Casablanca’s campaign for fundamental change at Cliffs and its nomination of six director candidates for election to the Board of Directors at the Company’s upcoming 2014 Annual Meeting of Shareholders on July 29, 2014. In the letter [...]
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 Board and a voice in selecting a new Board Chair.
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 a single minority shareholder with a short-term and value destructive [...]
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 agreement to amend its existing $1.75 billion unsecured revolving credit [...]
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
CLEVELAND - June 30, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into an agreement to amend its existing $1.75 billion unsecured revolving credit [...]
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 Patrice on her appointment to the Glencore Board,” said Donald Drapkin [...]
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