Cliffs Natural Resources (CLF) Net Debt Unchanged Despite Coal Exit - Deutsche Bank
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FBR Cuts PT on Cliffs Natural Resources (CLF) to $1 Following Sale of Remaining Met Coal Mines
December 23, 2015 8:25 AM ESTFBR & Co. cuts its price target on Market Perform-rated Cliffs Natural Resources (NYSE: CLF) from $3 down to $1 after Cliffs... More
Cliffs Natural Resources (CLF) Closes Sale of Remaining North American Coal Business
December 22, 2015 5:20 PM ESTCliffs Natural Resources Inc. (NYSE: CLF) has closed the sale of its remaining coal business, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources, LLC. Cliffs values the transaction at closing at $268 million based on Seneca Coal assuming all liabilities of the business. Additionally, Seneca Coal may pay Cliffs an earn out of up to $50 million contingent upon the terms of a... More
