Exclusive: Dominion Diamond, Stornoway held merger talks - sources | Reuters

Exclusive: Dominion Diamond, Stornoway held merger talks - sources | Reuters

Reuters March 21, 2017, 05:45:05 IST

Dominion Diamond Corp (DDC.TO) (DDC.N) and fellow Canadian diamond miner Stornoway Diamond Corp (SWY.TO) have held talks for a potential merger in recent months, people familiar with the matter said on Monday. World No. 3 diamond miner Dominion, which is being targeted by U.S.

Advertisement
Exclusive: Dominion Diamond, Stornoway held merger talks - sources
| Reuters

Dominion Diamond Corp (DDC.TO) (DDC.N) and fellow Canadian diamond miner Stornoway Diamond Corp (SWY.TO) have held talks for a potential merger in recent months, people familiar with the matter said on Monday. World No. 3 diamond miner Dominion, which is being targeted by U.S. billionaire Dennis Washington, and Stornoway, a small miner with a diamond mine in Quebec, declined to comment. The people declined to be named as the discussions are private. One of the people said the talks were still ongoing. (Reporting by Nicole Mordant in Vancouver and John Tilak in Toronto; Editing by Denny Thomas and Sandra Maler)

Advertisement

This story has not been edited by Firstpost staff and is generated by auto-feed.

Latest News

Find us on YouTube

Subscribe

Top Shows

Vantage First Sports Fast and Factual Between The Lines