Cleveland-Cliffs (CLF) Largest Shareholder Harbinger Capital Is Against the Takeover of Alpha Natural Resources (ANR)
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In a 13D filing on Cleveland-Cliffs Inc. (NYSE: CLF), 18.4% holder Harbinger Capital changed their filing status from 13G 'passive' to 13D 'active', saying the proposed acquisition of Alpha Natural Resources Inc. (NYSE: ANR) by Cleveland-Cliffs is not in the best interest of shareholders.
Harbinger said it may take a position with respect to potential changes in the operations, management, Board composition, ownership, capital structure, strategy and future plans of the company.
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