Using a simple slide presentation, CAS clearly shows what we've been yapping about for over one year on this board.
CAS filing starts the clock for the race over ownership of CLF. Excellent news. Let the fun begin next week.
What will CLF counter with? Any thoughts?
Do they announce something dramatic on a share repurchase, a divi increase, selling off of an asset, what?
CLF has been playing defense the entire time with CAS and JPM has its work cut out for them, unless they were also hired to make the best deal possible for CLF management and board, which seems unlikely given how they've played this out so far.
It is going to be a manic Monday for CLF, as the song goes.