{"id":8390,"date":"2008-08-18T00:00:00","date_gmt":"2008-08-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"harbinger-to-raise-stake-in-cleveland-cliffs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/harbinger-to-raise-stake-in-cleveland-cliffs.html","title":{"rendered":"Harbinger to raise stake in Cleveland-Cliffs"},"content":{"rendered":"<p>Reuters &#8211; Hedge fund Harbinger Capital Partners said on Thursday it is seeking approval from Cleveland Cliff&#8217;s shareholders to boost its ownership stake to as much as a third of the iron-ore company.       <\/p>\n<p>Harbinger &#8212; already Cleveland-Cliffs&#8217; largest shareholder &#8212; opposes Cleveland Cliffs&#8217; proposed takeover of Alpha Natural Resources, saying it believes the Alpha deal is not in the best interest of shareholders.<\/p>\n<p>The fund said in a regulatory filing that it has asked Cliffs for a shareholder vote that would allow Harbinger to acquire shares that would bring its ownership up to more than one-fifth, but less than one-third, of Cliffs&#8217; outstanding shares.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" border=\"0\" width=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/365577077\" \/><br \/>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/365577077\/idUKARO53801120080815\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge fund Harbinger Capital Partners said on Thursday it is seeking approval from Cleveland Cliff&#8217;s shareholders to boost its ownership stake to as much as a third of the iron-ore company. Harbinger &#8212; already Cleveland-Cliffs&#8217; largest shareholder &#8212; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1801,1973,242,117,2199,107,1800,1258,1352,886],"class_list":["post-8390","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-coalminer","tag-economic-outlook","tag-img-src","tag-investment-arm","tag-jewelry","tag-mistrust","tag-moly-mines","tag-remorse","tag-stakeholder","tag-takeover"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8390"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8390\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}