Cliffs Natural Resources (CLF.N), a U.S.-based iron ore and coal producer, said on Tuesday it agreed to buy Consolidated Thompson Iron Mines (CLM.TO), Canada's top homegrown iron producer, in a deal worth C$4.9 billion ($4.95 billion). Cliffs said it would pay C$17.25 a share for Consolidated Thompson, which owns the Bloom Lake property in Quebec and posted its first quarterly profit in November. Consolidated Thompson shares closed up 1.21 percent at C$13.38 in Toronto, before the deal was announced.
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