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 enable your Company to succeed in the current iron ore and met coal pricing [...]
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 Company’s upcoming 2014 Annual Meeting of Shareholders on July 29, 2014. Donald Drapkin, Chairman of Casablanca said, “Today’s assertions by Cliffs’ Directors include serious material omissions regarding our settlement discussions, grossly overstate [...]
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 Experience Needed to Lead Cliffs in Today's Volatile Pricing Environment [...]
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 Meeting of Shareholders to be held on July 29, 2014. Cliffs&apos [...]
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 Casablanca's nomination of six director candidates for election to the [...]
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. Based on discussions with various shareholders, the Board of Directors [...]
Casablanca Capital LP, (“Casablanca”) the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE:CLF), today filed its definitive proxy statement with the Securities and Exchange Commission ("SEC") in connection with Cliffs’ 2014 Annual Meeting of Shareholders, scheduled for July 29, 2014, and urged shareholders to vote for Casablanca’s six highly-qualified director nominees. In conjunction with [...]
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 its upcoming 2014 Annual Meeting of Shareholders scheduled to be held on [...]
Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Ohio on behalf of investors who purchased Cliffs Natural Resources common stock from March 14, 2012 and March 26, 2013. The complaint alleges that during the Class Period Cliffs Natural made materially false and misleading statements regarding the testing and sustainability of the [...]
Committed to Driving Shareholder Value in Volatile Pricing Environment
Remains Ready to Engage with Casablanca to Reach Resolution in Best Interests of All Cliffs Shareholders
CLEVELAND - May 29, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following statement in response to Casablanca Capital's press release earlier today.
Cliffs' Board of Directors and management team are executing a [...]
Casablanca Capital LP, (“Casablanca”) the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE: CLF), today issued a letter to stockholders underscoring the alignment of its interests with those of all shareholders, reiterating its commitment to driving the real change needed to restore value, and calling on the Cliffs board to eliminate the “Proxy Put” threat disclosed in Cliffs’ recent proxy [...]
Including Its Previous Capital Spending Decrease, Cliffs Expects Total Capital Expenditures to be Approximately 65% Lower Year Over Year
CLEVELAND - May 27, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it is further reducing its expected full-year 2014 capital spending range by approximately 25%, or $100 million, to $275 million - $325 million. This significant reduction is in addition [...]
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