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Saving Grace

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Saving Grace

Re: LongWoolyWilly post# 1640

Tuesday, 03/15/2016 8:13:10 AM

Tuesday, March 15, 2016 8:13:10 AM

Post# of 8706
Very little, the worst possible conclusion is their bonds are accepted.

They must have had an amount below the minimum as when doing an exchange offer they don't wan't to deal with fractional amounts for conversion.

My opinion is Cliffs wins the argument as there are laws about this that protect the company not the purchaser as I am quite confident the bond agreement has it outlined and covered.

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