Replies to post #2666 on The Rising Influence of Rising Affluence

[DewDiligence]

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.