Hickey and Walters Bespoke submit: For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks trading above $25 per share that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over...
Trader Mark submits: The saga continues - it appears clear that Cleveland Cliffs CLF management wants to acquire Alpha Natural Resources ANR for business purposes and it appears clear Harbinger does not want it to happen for their investment purposes. The crossroads between hedge funds and business continues to fascinate...
Hickey and Walters Bespoke submit: Since the current bear market began back on October 9th, 2007, the Russell 1,000 is down about 18%. Of the stocks in the index, 8.5% are down more than 50%, while 25% are actually up since then. Below we highlight the 25 best...
CLEVELAND & ABINGDON, Va. -- Cleveland-Cliffs Inc (NYSE: CLF) and Alpha Natural Resources, Inc. (NYSE: ANR), today reported that on Aug. 22, 2008, the Federal Trade Commission granted them early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger. The merger transaction remains subject to additional...
Board Unanimously Recommends Shareholders to Vote AGAINST Authorization of Control Share Acquisition CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF), which will be renamed Cliffs Natural Resources in the coming months, today announced a special meeting of shareholders to vote on a proposed control share acquisition by one of its...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF), which will be renamed Cliffs Natural Resources in conjunction with its planned merger with Alpha Natural Resources (NYSE: ANR), today announced that it has filed an updated investor presentation with the Securities and Exchange Commission (the "SEC") in connection with the proposed Alpha transaction....
* Company Achieves Second-Quarter Net Income of $270 Million and Diluted EPS of $2.57 on Sales of $1 Billion * First-Half 2008 Revenues Surge 72% to a Record $1.5 Billion; Net Income Reaches $287 Million, or $2.73 Per Diluted Share * Empire and Tilden Expansion, United...
- Net income for second quarter of 2008 increases to $74.3 million ($1.04 per diluted share) from $4.7 million ($0.07 per diluted share) in comparable period last year - Coal revenues increase 63 percent on record metallurgical shipments - Per-ton margin increases 130 percent quarter-over-quarter ...
The Deal: Cleveland-Cliffs Inc. has agreed to acquire Alpha Natural Resources Inc. in a cash and stock transaction. Under the terms of the agreement, each share of Alpha Natural will be exchanged for $22.23 in cash and 0.95 shares of Cleveland-Cliffs. Based on recent closing prices, the deal values Alpha...
CLEVELAND -- As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.0875 per common share. The cash dividend will be payable on Sept. 2, 2008, to shareholders of record as of the close of business...
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CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF) today announced that the trading price condition for the conversion right of its 3.25 percent redeemable cumulative convertible perpetual preferred stock is satisfied and, as a result, the preferred stock may be surrendered for conversion at any time during the fiscal...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF) announced that, effective today, it has closed on two tranches of senior notes totaling $325 million. The privately placed offering consisted of $270 million 6.31% Five-Year Senior Notes due June 15, 2013, and $55 million 6.59% Seven-Year Senior Notes...
CHICAGO, June 23 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for key stocks. Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/062308A (Note: You may have to copy this link into your browser then press the [ENTER] key.) ...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF) today announced that William Brake, Cliffs' executive vice president--Cliffs Metallics and chief technical officer, has been named chairman of Renewafuel, LLC, effective immediately. Cliffs acquired controlling interest in Renewafuel in late 2007 and, earlier this month, announced the planned...
CLEVELAND -- Renewafuel LLC, a subsidiary of Cleveland-Cliffs Inc (NYSE:CLF), will build a next-generation biomass fuel production facility at the Telkite Technology Park in Marquette, Mich. Projected to begin operations in the first quarter of 2009, the plant will annually produce 150,000 tons of high-energy, low-emission biofuel cubes from a...
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