Cliffs Selling KWG in open market

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Cliffs Selling KWG in open market

posted on Jun 26, 2010 10:49AM

I have no idea of of the securities rules/regulations however in this case I would think there would be some kind of regulation against Cliffs selling KWG shares (which will undoubtedly lower share price) when they are bidding for SPQ and any change in the KWG price materially impacts the value of Cliffs rival's bid.