RE:RE:RE:RE:Best scenarioCorrect the filing makes Cliffs selling public knoledge.
But Cliffs magement is fighting for its lif. It is desperate not to raise money but to convince shareholders it knows how to run the company.
So selling ZEN sends a message. The message is we are selling ZEN because we are smart and know how to protect Cliffs shareholders.
The money to be raised is in any case insignificant.