Dominion Diamond gives nod to sweetened $1.2 billion cash takeover offer from WashCorps

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Dominion Diamond gives nod to sweetened $1.2 billion cash takeover offer from WashCorps - World News

TORONTO — Dominion Diamond Corp. says it’s accepting a US$1.2-billion friendly cash takeover offer from The Washington Companies.


The privately held Montana-based company is offering US$14.25 per share for all shares of Dominion Diamond, which is one of the world’s largest diamond producers.


Dominion Diamond had rejected a previous offer of US$13.50 per share but said its board hadn’t closed the door on a deal.


Its main holdings are part-ownership in the Ekati and Diavik diamond mines in the Northwest Territories, northeast of Yellowknife.




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