Cliffs Natural Resources and Casablanca to Continue Talks

Mineweb reported that although activist shareholder Casablanca Capital LP has rejected a proposed settlement with Cliffs Natural Resources Inc. (NYSE:CLF), discussions between the two parties will continue.

As quoted in the market news:

After a conversation involving Kirsch, Drapkin and Taylor, Cliffs said it has agreed to postpone its annual meeting of shareholders, originally scheduled to be held on May 13, 2014. ‘In accordance with this conversation, Cliffs’ board agreed to accommodate this request in order to pursue a potential settlement,’ said Cliffs.

Click here to read the full Mineweb report.