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phil
April 22nd, 2014 at 7:00 am
Casablanca pushes Cliffs Natural for shareholder meeting
Yesterday, 02:59 PM ET · CLF
• Casablanca Capital is asking Cliff Natural Resources (CLF -1.2%) to hold the company’s annual shareholders meeting by June 4, saying CLF’s delays in “providing a meaningful voice to shareholders are unacceptable.”
• The 5.2% owner of CLF shares says it would commence a consent solicitation to call a special shareholder meeting for the election of the company’s board.
• CLF’s Chairman, James Kirsch, “has never invested a dollar of his own money, but continues to stymie investors’ legitimate efforts to restore value at the company,” Casablanca says.
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