Cliffs sweetens takeover offer for Freewest

Dec 03, 2009 | 10:29 AM | Tom Jennemann

Cliffs Natural Resources Inc. has raised its friendly takeover offer for Freewest Resources Canada Inc. in an effort to beat a rival offer from Noront Resources Ltd.

Cliffs' new all-stock offer values each Freewest share at Canadian 90 cents (85 cents) per share and the entire company at about C$211 million ($200 million). The bid is 40 percent higher than last week's offer of C$150.6 million, or C70 cents....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events