Agoracom: Small Cap Investment - KWG Resources Inc. - Re: UPDATE 2-Cliffs Natural says activist investor rejected offer to end proxy fight

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UPDATE 2-Cliffs Natural says activist investor rejected offer to end proxy fight

RockLicker

Mar 07, 2014 08:02AM

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Re: UPDATE 2-Cliffs Natural says activist investor rejected offer to end proxy fight

in response to

UPDATE 2-Cliffs Natural says activist investor rejected offer to end proxy fight

RockLicker

posted on Mar 07, 2014 09:35AM

So current management is bargaining, instead of 6 they offer 2 independent +1 mutually agreed.

Assuming that all 5 largest shareholders are not directly linked to management, and if they form a block of 5, their control of CLF would be at least 5.2% x 5 = 26% (Casablanca is the smallest, but most vocal). It would be interesting to have some info on the other 4 (names, holdings, and their position on the proxy fight). Anyone?