Cliffs concedes defeat to Casablanca
Aug 05, 2014 | 03:23 PM
| Nat Rudarakanchana
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 companys 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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