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Cliffs Natural Resources Inc. Message Board

  • data_analyst_dude data_analyst_dude Mar 23, 2013 11:49 AM Flag

    Reverse thinking

    Rather than Cliffs getting bought out they might be waiting to see if Teck Resources purchases Rio Tinto's sale of its sizable stake in Iron Ore Company of Canada. Cliffs can then make an offer to take over Teck Resources giving Cliffs more synergies in eastern Canadian iron ore holdings and increasing its competitive advantage over North American steelmakers. This will give Cliffs the ability to compete with multinational players on better terms and create value for shareholders that have been beaten up over the past year or so. What's also enticing is IOC's proprietary railway system known as the Quebec North Shore & Labrador Railway that comes with the deal.

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