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DewDiligence

04/02/13 12:57 PM

#6811 RE: jbog #6810

Would Cliff garner any better than a mid twenties price today?

Of course it would: an acquiring company would almost certainly replace CLF’s management with its own. Even without any cost synergies, CLF’s assets would easily be worth $50/sh to an acquiring company once the discount for current management was removed.