Cliffs Natural Offers $104M For Freewest Chromite
Ohio-based Cliffs, which already holds 6.9 percent of Freewest's basic shares, has offered Freewest's shareholders CA$0.55 ($0.52) per share in the form of its own common stock to purchase the rest of company, it said in a statement Monday.
Freewest had been fending off a hostile bid from Toronto-based rival Noront resources.
The deal, which...
To view the full article, register now.