International Business News - CLF http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the premarket stories for Tuesday, Nov. 18, from AP Financial News: NEW YORK (AP)--After Cleveland-based Cliffs Natural Resources' termination of its $2.7 billion takeover of coal producer Alpha Natural Resources, an analyst on Tuesday said this could lead to a short-term positive boost. http://www.ibtimes.com/articles/20081118/premarket-roundup-cliffs-natural-resources-carmax.htm Tue, 18 Nov 2008 09:40:07 EST After Cleveland-based Cliffs Natural Resources' termination of its $2.7 billion takeover of coal producer Alpha Natural Resources, an analyst on Tuesday said this could lead to a short-term positive boost. http://www.ibtimes.com/articles/20081118/cliffs-alpha-terminate-2-7-billion-mining-merger.htm Tue, 18 Nov 2008 08:38:15 EST Cliffs Natural Resources' proposed $2.7 billion takeover of coal producer Alpha Natural Resources has been called off, the companies said Monday. Terminating the deal is in the best interest of shareholders due to the faltering U.S. economy, uncertainty in the steel industry and other factors, the companies said in a joint news release. Cliffs agreed to pay Alpha a $70 million breakup fee. In turn, Alpha agreed to drop a lawsuit filed against Cliffs for unilaterally delaying a shareholder vote on the proposed acquisition. http://www.ibtimes.com/articles/20081117/cliffs-alpha-end-plans-to-combine-settle-lawsuit.htm Mon, 17 Nov 2008 18:34:04 EST Cliffs Natural Resources is preparing for possible layoffs at Minnesota and Michigan taconite mines because of the global economic downturn. Cliffs says it's notified local officials and the United Steelworkers in four operating locations of the potential for production curtailments and employee reductions. http://www.ibtimes.com/articles/20081107/possible-layoffs-at-minn-mich-taconite-mines.htm Fri, 07 Nov 2008 10:48:32 EST Cliffs Natural Resources' proposed $3.3 billion takeover of coal producer Alpha Natural Resources is heading to court instead of a shareholder vote. Alpha asked a Delaware court Monday to issue an order requiring Cliffs to hold a shareholder vote on the deal Nov. 21--the date agreed upon by both companies. http://www.ibtimes.com/articles/20081103/alpha-takes-cliffs-to-court-over-takeover-vote.htm Mon, 03 Nov 2008 17:01:01 EST Alpha Natural Resources Inc. said Monday it has petitioned a Delaware court to order iron ore miner Cliffs Natural Resources Inc. to hold a shareholder vote on its proposed $4 billion takeover of the coal producer. http://www.ibtimes.com/articles/20081103/alpha-natural-asks-court-to-order-buyout-vote.htm Mon, 03 Nov 2008 15:38:20 EST Investors shrugged off disappointing earnings and cautious talk from management to push shares of coal producer Alpha Natural Resources up sharply Wednesday. http://www.ibtimes.com/articles/20081029/coal-producer-alpha-says-3rd-qtr-earnings-rose.htm Wed, 29 Oct 2008 17:16:03 EDT Iron ore miner Cliffs Natural Resources Inc. said Tuesday it has temporarily idled three furnaces at mines in Minnesota to bring production levels in line with demand. It said there will be unspecified workforce "adjustments" as a result. http://www.ibtimes.com/articles/20081028/cliffs-natural-idles-3-furnaces-at-minn-mines.htm Tue, 28 Oct 2008 11:02:51 EDT Shareholder votes on iron ore miner Cliffs Natural Resources' proposed $4 billion takeover of coal producer Alpha Natural Resources have been set. The companies said Thursday the special elections are scheduled for Nov. 21. http://www.ibtimes.com/articles/20081024/cliffs-alpha-ready-to-vote-on-4-billion-takeover.htm Fri, 24 Oct 2008 07:54:17 EDT Shares of iron ore miner Cliffs Natural Resources Inc. have likely been oversold in recent periods, giving investors a buying opportunity, an analyst said Friday. http://www.ibtimes.com/articles/20081017/cliffs-natural-resources-shares-rally.htm Fri, 17 Oct 2008 20:28:50 EDT Mine operator Cliffs Natural Resources says it's reached the threshold for acquiring the rest of Australian iron ore supplier Portman Ltd. Cleveland, Ohio-based Cliffs says in a Securities and Exchange Commission filing Thursday it controls 90.12 percent of Portman. The filing says investors holding the remaining 9.88 percent of Portman now must accept Cliffs' $17.31 per share offer under Australian law. http://www.ibtimes.com/articles/20081016/cliffs-closes-in-on-australian-purchase.htm Thu, 16 Oct 2008 11:03:51 EDT Cleveland-Cliffs Inc., which just beat off an attempt by a hedge fund to acquire up to one-third of the iron ore miner, said Tuesday that it has adopted a shareholder rights plan that it claims will protect it from potentially coercive takeover practices. http://www.ibtimes.com/articles/20081014/cleveland-cliffs-adopts-shareholder-rights-plan.htm Tue, 14 Oct 2008 10:35:46 EDT Mine operator Cleveland-Cliffs Inc. has changed its name. The company says its new moniker is Cliffs Natural Resources, the name it intended to adopt after its proposed $4 billion buyout of Abingdon, Va.-based coal mine operator Alpha Natural Resources. That deal hasn't gone through yet, but Cliffs says in a Securities and Exchange Commission filing Thursday that it amended its articles of incorporation to change the name Oct. 3. http://www.ibtimes.com/articles/20081010/mine-operator-cleveland-cliffs-changes-name.htm Fri, 10 Oct 2008 10:40:15 EDT A hedge fund lost the fight to double its holdings in Cleveland-Cliffs on Friday, a move that would have allowed it to block the iron ore miner's $4 billion buyout of Alpha Natural Resources. http://www.ibtimes.com/articles/20081003/cleveland-cliffs-gets-investor-support-for-buyout.htm Fri, 03 Oct 2008 17:02:44 EDT Shares of coal companies tumbled Friday after the government said coal production dropped 3 percent last week. The Energy Information Administration said Friday that total U.S. coal production fell by 700,000 tons, or 3 percent, to 22.6 million tons for the week ended Sept. 20. Production still remains above the 22.2 million tons produced for the week ended Sept. 22, 2007. http://www.ibtimes.com/articles/20080926/sector-snap-coal-stocks-tumble.htm Fri, 26 Sep 2008 12:15:01 EDT Harbinger Capital Partners Funds asked Cleveland-Cliffs Inc. shareholders on Friday for approval to double its stake in the iron ore miner to about 33 percent so it can oppose a proposed acquisition. http://www.ibtimes.com/articles/20080919/cleveland-cliffs-harbinger-step-up-battle.htm Fri, 19 Sep 2008 15:59:38 EDT Cleveland-Cliffs Inc.'s largest shareholder panned the iron ore miner's proposed $10 billion purchase of coal mine operator Alpha Natural Resources Friday as too risky. http://www.ibtimes.com/articles/20080912/investor-pans-cleveland-cliffs-alpha-bid.htm Fri, 12 Sep 2008 16:30:33 EDT Iron ore miner Cleveland-Cliffs Inc. announced Thursday a takeover bid for the rest of Portman Ltd., a West Australian-based supplier of iron ore. Cleveland-Cliffs said it will act through its subsidiary Cliffs Asia-Pacific Pty Ltd., with a final cash offer of A$21.50 (US$17.31) per Portman share. That's a premium of about 21.5 percent on Portman's closing price Wednesday, Cleveland-Cliffs said. http://www.ibtimes.com/articles/20080911/cleveland-cliffs-bids-to-buy-rest-of-portman.htm Thu, 11 Sep 2008 10:46:59 EDT Cleveland-Cliffs Inc. on Monday urged shareholders to vote against a proposal by the iron ore producer's largest shareholder to increase its stake from about 15.6 percent to as much as one-third. http://www.ibtimes.com/articles/20080908/cleveland-cliffs-fights-harbinger-capital-over-anr.htm Mon, 08 Sep 2008 14:40:24 EDT Federal regulators have approved iron ore miner Cleveland-Cliffs Inc.'s purchase of coal producer Alpha Natural Resources Inc., the companies said Monday. http://www.ibtimes.com/articles/20080825/regulators-ok-cleveland-cliffs-alpha-tie-up.htm Mon, 25 Aug 2008 13:16:03 EDT