Hedge fund claims victory in Cliffs Natural Resources board vote | Duluth News Tribune
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Cliffs Natural Resources is operator and partial owner of the Hibbing Taconite mine in Hibbing. (2009 file / News Tribune)

Hedge fund claims victory in Cliffs Natural Resources board vote

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CLEVELAND — Casablanca Capital triumphed on Tuesday in its proxy battle with Cliffs Natural Resources Inc., preliminary estimates show, putting the hedge fund in a position to replace Cliffs’ chief executive and sell off underperforming assets.

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