Cliffs ‘committed’ to long-term value

Feb 14, 2014 | 06:56 PM | Stacy Irish

Tags  Cliffs Natural Resoruces, Casablanca Capital, iron ore, Stacy Irish

NEW YORK — Cliffs Natural Resources Inc. is "disappointed" that activist hedge fund Casablanca Capital LP seems intent on waging a public campaign rather than continuing a private engagement with its chairman and management to address its doubts and concerns, it said in an open letter to shareholders Feb. 14.

The Cleveland-based company is "committed to pursuing a course that enhances long-term shareholder value," it said in the letter to shareholders.....

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