Cliffs concedes defeat to Casablanca

Aug 05, 2014 | 03:23 PM | Nat Rudarakanchana

Tags  Cliffs Natural Resources, Casablanca Capital, iron ore, Lourenco Goncalves, James Kirsch, Susan Cunningham, Barry Eldridge, Andrés Gluski Susan Green

NEW YORK — Cliffs Natural Resources Inc. has admitted defeat in the months-long proxy battle for control of its board, with longtime chairman James F. Kirsch ousted in a vote at the company’s annual shareholders’ meeting. Cliffs confirmed that shareholders elected six candidates backed by activist investor Casablanca Capital LP to its board of directors. The New York-based hedge....

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