Beware: It's a Proxy War!
in response to
by
posted on
Jun 25, 2010 09:26AM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
"They can't stop the merger, no matter how many shares Cliff buys (unless they get 50% +1) since the date of record was 4 June"
Cyl: the June 19 IC is for a Sollicitation of Proxies. Cliffs is seeking proxies from shareholders of record June 4th and before. They really don't want us to merge, and they will use whatever means to achieve their goal. All they need is 33.33 % (including their 4,2% holding)
The IC also urges shareholders who already tendered their shares to Cliffs to vote on the attached Yellow Document! So beware: Cliffs is at war! And be prepared to receive a phone call from Georgeson! (And Joe Dwek Mngt may be a War Heroe in our side!!!)
From the Transmittal Letter by Carabba:
"...Cliffs does not intend to accept common shares tendered to its cash offer unless it obtains sufficient proxies to defeat the proposed merger."
Every vote counts, guys!
GLTA.
BaBe.
(A volunteer to lunch with JD*???)