The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Ohio on behalf of purchasers of Cliffs Natural Resources common stock during the period between March 14, 2012 and March 26, 2013, inclusive (the “Class Period”). If you have suffered a loss from investment in Cliffs [...]
CLEVELAND - May 13, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.15 per share. The cash dividend will be payable on June 3, 2014, to shareholders of record as of the close of business on May 23, 2014.
Cliffs' Board of Directors also declared a quarterly cash dividend on [...]
Bernstein Litowitz Berger & Grossmann and Lowenstein Sandler today announced that they have filed a securities class action lawsuit on behalf of the Department of the Treasury of the State of New Jersey and its Division of Investment against Cliffs Natural Resources and certain of its senior executives. The action, which is captioned The Department of the Treasury of the State of New Jersey and Its Division of Investment [...]
CLEVELAND - April 25, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that its Board of Directors has scheduled its annual meeting of shareholders to be held on July 29, 2014. Shareholders of record as of the close of business on June 2, 2014 will be entitled to vote at the annual meeting.
Further details regarding the annual meeting will be included in the Company's definitive [...]
* Company Reports 2014 First-Quarter Consolidated Revenues of $940 Million
* Year-over-Year Liquidity Improves by 32% to $1.9 Billion, Including $364 Million in Cash and Cash Equivalents Despite Lower Iron Ore and Metallurgical Coal Pricing
* Year-over-Year Capital Spending in the Quarter Decreases 55% to $103 Million
* Bloom Lake Mine Achieves Record First-Quarter Production Volume of 1.5 Million [...]
Remains Ready to Engage with Casablanca to Reach Resolution in Best Interests of All Cliffs Shareholders
CLEVELAND - April 21, 2014- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today issued the following statement:
We welcome open communications with all of our shareholders and have strived to maintain a constructive dialogue with Casablanca. Our Board and management team remain [...]
Casablanca Capital LP, (Casablanca) the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE:CLF), today sent a letter to the Cliffs Board of Directors urging it to hold the Companys annual meeting of shareholders on or before June 4, 2014. Should the Company fail to set a prompt date for the annual meeting, Casablanca intends to commence a consent solicitation to call a Special Meeting of [...]
CLEVELAND - April 17, 2014 - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today said it intends to announce unaudited 2014 first-quarter financial results after the U.S.-market close Thursday, April 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 issued the following statement condemning Cliffs Natural Resources Inc. (NYSE:CLF) for its decision to indefinitely postpone its annual meeting of shareholders previously scheduled for May 13, 2014: "The Board that owns virtually no shares and has presided over an 80% value destruction is in our view showing its true colors by indefinitely postponing a shareholder vote and [...]
Casablanca Capital LP (Casablanca), one of the largest shareholders of Cliffs Natural Resources Inc. (Cliffs or the Company) (NYSE: CLF), with beneficial ownership of approximately 5.2%, today announced that it is backing Lourenco Goncalves, former CEO of Metals USA, to fill the currently open position of Chief Executive Officer of Cliffs. Casablanca has also delivered a letter to the Company declaring its intention [...]
Resserrement du capital d'expansion au Lac Bloom; Cliffs exécutera uniquement la Phase 1 des opérations La société interrompra les activités de la mine de Wabush d'ici la fin du premier trimestre de 2014 Les priorités relatives aux flux de trésorerie vont influer sur les décisions de répartition des capitaux à court terme CLEVELAND — le 11 [...]
Casablanca Capital LP, the beneficial owner of approximately 5.2% of Cliffs Natural Resources Inc. (NYSE:CLF) today filed a Schedule 13D with the U.S. Securities and Exchange Commission (SEC) disclosing its position as one of the companys largest shareholders and outlining recommendations to dramatically increase shareholder value. Casablanca urges Cliffs to spin off the companys international assets, double the [...]