Iron Miner Cliffs Plans $300 Million Share Sale to Pay Debt

Updated on
  • Company joins U.S. Steel, Freeport in tapping stock market
  • Shares extend decline after close of regular U.S. trading

Cliffs Natural Resources Inc. plans to sell $300 million in common shares as the largest U.S. iron-ore producer cleans up its balance sheet after commodity prices slumped.

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