Thursday, June 14, 2007

UPDATE 1-Cleveland-Cliffs to buy metallurgical coal producer

(Reuters) - The producer of iron ore pellets for steelmaking said the
payment of 25 percent of the cash portion will be deferred
until Dec. 31, 2009. The deal is expected to close within 60
days.




The Cleveland-based company said the deal will have minimal
earnings impact in 2007 and will add about $300 million to
full-year revenue.


Read more at Reuters.com Bonds News

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