GO
Loading...

Cliffs Natural Resources Inc

More

  • Aug 15- One of Cliffs Natural Resources Inc's few incumbent directors has stepped down and delivered a stinging resignation letter, filings showed on Friday, as the miner separately said it was on the hook for millions of dollars in payments to its former chief executive officer and others in the wake of a proxy fight.

  • Aug 7- Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle.

  • Aug 7- Cliffs Natural Resources Inc, an iron ore and coal producer, said on Thursday that Lourenco Goncalves, a former steel company executive, was named to run the company after activist investor Casablanca Capital triumphed in a proxy battle. New York- Casablanca, which has a 5.2 percent stake in Cliffs, claimed the company was destroying shareholder value.

  • CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.

  • July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.

  • Cliffs, a Cleveland- based iron ore and metallurgical coal producer, is locked in a proxy battle with Casablanca, which owns 5.2 percent of Cliffs' stock and accuses the company of destroying shareholder value. Casablanca wants to replace Cliffs' chief executive officer with its own nominee and six of the 11 board members, a majority, with its candidates.

  • July 17- Casablanca Capital LP said two independent proxy advisory firms have recommended shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's bid to replace a majority of the miner's board members.

  • July 17- Casablanca Capital LP said two independent proxy firms have recommended that shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's board nominees. Cliffs is locked in a proxy battle with New York- based hedge fund Casablanca, which owns 5.2 percent of Cliffs stock and accuses the company of destroying shareholder value.

  • June 26- Patrice Merrin, a Canadian mining executive, has withdrawn from the slate of directors nominated by activist investor Casablanca Capital to the board of Cliffs Natural Resources Inc after she was appointed to the board of Glencore Plc, Casablanca said on Thursday.

  • Casablanca, which wants to replace Cliffs' chief executive and separate the company's U.S. assets from its international properties, said on Thursday that Cliffs could defuse the problem by approving its nominees "not as an endorsement, but merely for the narrow purpose of not triggering the proxy put."

  • May 27- Cliffs Natural Resources Inc, which is fighting an activist investor who wants to split up the company and replace its chief executive, said on Tuesday it will cut 2014 capital spending by $100 million, or 25 percent, as it deals with weak seaborne iron ore and metallurgical coal prices.

  • April 24- Cliffs Natural Resources Inc, which is facing off against an activist investor that wants to break up the company, posted a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal.

  • April 24- Cliffs Natural Resources Inc, which is facing off against an activist investor who wants to break up the company, reported a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal.

  • Midday movers: Facebook, MFC Industries, FMC & More Monday, 10 Mar 2014 | 12:56 PM ET
    Facebook's Paper mobile app

    Some of Monday's midday movers:

  • *Offered to let Casablanca appoint 2 independent directors. *Casablanca denies making a postponement request. Casablanca, Cliffs' fifth-largest shareholder with a 5.2 percent stake, wants Chief Executive Gary Halverson gone, and the company to spin off its "riskier" international operations from cash-generating U.S. assets.

  • *Says offered to let Casablanca appoint two independent directors. Casablanca, Cliffs' fifth-largest shareholder with about a 5 percent stake, nominated six directors for election to the company's 11- member board on Thursday. Cliffs said on Friday it had offered to let Casablanca appoint two independent directors.

  • Early movers: BIG, FL, GPS, HRB, F, GE, NOK & more Friday, 7 Mar 2014 | 7:42 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *Says offered to let Casablanca appoint two independent directors to the board. "We are disappointed that Casablanca seems intent on waging a public campaign rather than continuing its private engagement with Cliffs' board and management team," Cliffs said on Friday, adding that it was ready to engage with Casablanca.

  • March 7- Iron ore producer Cliffs Natural Resources Inc said Casablanca Capital LP rejected an offer to settle a proxy fight and the activist investor was seeking full control of the company's board. Cliffs said it offered to allow Casablanca appoint two independent directors to the board.

  • Midday movers: General Electric, Corning & More Tuesday, 4 Mar 2014 | 12:10 PM ET

    Some of Tuesday's midday movers: