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Message: Casablanca pushes Cliffs Natural for shareholder meeting

Casablanca pushes Cliffs Natural for shareholder meeting

Apr 21 2014, 14:59 ET
  • 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.

http://seekingalpha.com/news/1682963-casablanca-pushes-cliffs-natural-for-shareholder-meeting?isDirectRoadblock=false

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