Agoracom: Small Cap Investment - KWG Resources Inc. - Cliffs stock rallies as initial results show Casablanca’s 6 take board control

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Cliffs stock rallies as initial results show Casablanca’s 6 take board control

posted on Jul 30, 2014 09:05AM

By: Henry Lazenby
29th July 2014

Cliffs stock rallies as initial results show Casablanca’s 6 take board control

TORONTO (miningweekly.com) – The NYSE-listed stock of US coal and iron-ore producer Cliffs Natural Resources spiked just after noon on Tuesday by as much as $1.12 a share after initial results showed that shareholders had voted all six of dissident shareholder Casablanca Capital’s nominees to the board.

The New York-based fund manager, which owns about 5.2% of Cliffs, would now be able to implement its agenda to change the way the company operated, having obtained majority representation on the board....

Cliffs stock rallies as initial results show Casablanca’s 6 take board control

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