The Rising Influence of Rising Affluence

[DewDiligence]

CLF’s public response to Casablanca:

http://www.sec.gov/Archives/edgar/data/764065/000076406514000010/a20140212-defa14a.htm

Cliffs’ Board and management team regularly evaluate the Company’s strategic options and previously evaluated the key elements of Casablanca’s overall proposal. The Board and management team have reviewed – and will continue to review – alternative structures to enhance shareholder value. The Company believes Casablanca’s overall proposal fails to provide a sustainable, long-term value-enhancing alternative. The Company is disappointed that Casablanca seems intent on waging a public campaign rather than continuing its private engagement with our Chairman and management to address our doubts and concerns.

Mostly boilerplate stuff; stay tuned.