Tag: CLF
-
ANR, A Covered Call Case
The Cleveland-based company (CLF) announced its bid for Alpha (ANR) on July 16 in which Abingdon, Va.-based Alpha shareholders would receive 0.95 Cleveland-Cliffs (CLF) shares and $22.23 in cash for each share. The companies pegged the deal at $10 billion the day it was announced. Based on the company’s 70.3 million outstanding shares at April…