Reuters: Miner Cleveland-Cliffs offers to buy out Portman

[chris]

Miner Cleveland-Cliffs offers to buy out Portman
      

SYDNEY (Reuters) - U.S. miner Cleveland-Cliffs Inc  made a friendly A$560 million ($450.5 million) offer to buy out Australian iron miner Portman Ltd  on Thursday, and is seeking a 30 percent stake in a second Australian miner.
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