Agoracom: Small Cap Investment - KWG Resources Inc. - Cliffs New Year's Resolution: Buy More Canadian!

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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doryloads

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Cliffs New Year's Resolution: Buy More Canadian!

posted on Jan 11, 2011 05:34PM

See the following story on Globe and Mail:

Cliffs Natural Resources Inc. (CLF-N84.962.462.98%) has stuck a deal to buy Montreal-based Consolidated Thompson Iron Mines Ltd. (CLM-T13.380.161.21%) for $4.9-billion in cash, including debt.

The deal, announced after markets closed Tuesday, values the iron ore producer at $17.25 per share, a 30 per cent premium to the company’s closing price on Monday.

http://www.theglobeandmail.com/globe-investor/cliffs-snags-consolidated-thompson/article1866164/

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