Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,716.09
(
0.25%
)
US TECH 100
24,282.80
(
0.62%
)
Dow Jones
46,993.26
(
0.10%
)
Brent Oil
99.71
(
-0.94%
)
Bitcoin
74,025.66
(
0.11%
)
News Focus
News Focus
Post# of 30493
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 842
Posts 122793
Boards Moderated 10
Alias Born 09/05/2002

DewDiligence

Member Level

Re: DewDiligence post# 2666

Thursday, 05/12/2011 6:58:40 PM

Thursday, May 12, 2011 6:58:40 PM

Post# of 30493
CLF closes Consolidated Thompson acquisition:

http://finance.yahoo.com/news/Cliffs-Natural-Resources-Inc-prnews-126341903.html?x=0&.v=1

Cliffs financed the approximately C$4.9 billion (including net debt) transaction through committed financing, including a $1.25 billion term loan, $750 million in bridge financing and available cash on hand. As previously indicated, Cliffs plans to replace the $750 million in bridge financing by accessing the capital markets.

In other words, there will be an equity offering fairly soon.

See the prologue of #msg-58708254 for the rationale of the Consolidated Thompson deal.

“The notion that there’s a Chinese Wall between sell-side analysts
and investment bankers may be the second-biggest piece of BS
ever promulgated in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Trade Smarter with Thousands

Leverage decades of market experience shared openly.

Join Now