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Cliffs Natural Resources Inc. Message Board

  • jimjones62 Mar 28, 2013 11:43 AM Flag

    AS far as a buy out, A little logic here

    If there was one it would have to be above the $28 mark even due to the new common issued was at $28 and those investor would have a case for a law suit otherwise, as well all share holders could sue for not getting at least book value, CLF has lots of liquidity, assets and are PROFITABLE. A buy out would only be accepted if it was at a prem of at least Book value which is in the $40 for proved, the yahoo number of $32 isn't correct it included depreciation etc... at these prices a hostile is possible but now everyone is underwater by 10-30$ a share so getting support from large holders of shares would be impossible below mid $40

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