Casablanca scoffs at Cliffs’ latest offer
Jul 02, 2014 | 05:18 PM
| Thorsten Schier
NEW YORK Cliffs Natural Resources Inc. has offered further concessions to Casablanca Capital LP in an effort to end a proxy contest that has been "costly and distracting," the company said July 2, but the activist hedge fund immediately dismissed the move.
Cliffs has offered three director positions on a reconstituted nine-member board to New York-based Casablanca, and also said three of its existing board members wouldnt stand for re-election on the reduced board.....
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