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Cleveland-Cliffs Adopts Shareholder Rights Plan.

Publication: Business Wire
Publication Date: 14-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF), which will officially be renamed Cliffs Natural Resources tomorrow, announced today that its directors have adopted a shareholder rights plan. The plan is intended to protect the Company and its shareholders from potentially coercive takeover practices or takeover bids that are inconsistent with the interests of the Company and its shareholders. The plan is not intended to deter offers that are fair and otherwise in the best interests of all of the Company's shareholders. The adoption of a shareholder...

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