Cliffs Natural Resources Starts Bid for Spider Resources in Canada

Summary


MANAVIGATOR-June 1, 2010-Cliffs Natural Resources starts bid for Spider Resources in Canada (C)2010 M2 COMMUNICATIONS http:// www.m2.com

US mining company Cliffs Natural Resources Inc (NYSE:CLF) said yesterday it has launched its takeover offer for Canadian sector player Spider Resources Inc (CVE:SPQ) offering CAD0.13 (USD0.12/ EUR0.10) per share in cash.

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Cliffs Natural Resources Starts Bid for Spider Resources in Canada

Unless extended, the offer runs until 6 July. It evaluates...

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