Cleveland Cliffs Inc (CLF)

[keep_trying]

Interesting that CLF continues to trade like hedge and institutional funds are posturing trading as if the Cliffs, X acquisition bid is still dominant. X is trading far below the $55 pps Nippon cash offer but above the pre-acquisition bid pps. Notably, Cliffs is approaching the one year mark since Cliffs let it be known to investors that an offer was in play.

“Analyst” articles and anonymous posting on other boards suggest some wish to shake new investors away from Cliffs and to loose Cliffs from X. It was reported the USW are entering into contract arbitration this Fall. Should investors presume arbitration is related to reconciling union rights during acquisition negotiations that were claimed as not being honored?