Cliffs brands Casablanca plan a ‘fire sale’

Jul 14, 2014 | 05:19 PM | Nat Rudarakanchana

Tags  Cliffs Natural Resources, Cliffs, Casablanca Capital, Casablanca, iron ore, proxy war, mining, iron ore mining raw materials

NEW YORK — Iron ore miner Cliffs Natural Resources Inc. has criticized key selling points of activist investor Casablanca Capital LP’s plan for the mining company, the latest in a series of increasingly heated exchanges between the two companies.

In a July 14 letter to shareholders, Cliffs said Casablanca’s willingness to sell certain Cliffs mining assets if it gains control of the company would end in a misguided and short-sighted "fire sale."....

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