Cliffs to make on-market Portman purchases

CLIFFS Natural Resources is looking to wrap up its acquisition of Australia’s fourth-largest iron ore producer, Portman, as soon as possible after announcing its intention to make on-market purchases of shares in Portman at prices below its $A21.50 per share takeover offer.

Cliffs to make on-market Portman purchases Cliffs to make on-market Portman purchases Cliffs to make on-market Portman purchases Cliffs to make on-market Portman purchases Cliffs to make on-market Portman purchases

Cliffs’ subsidiary Cliffs Asia-Pacific said in a statement today that it “may make purchases from time to time on and from today, and may purchase Portman shares at prices other than $21.

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