Dominion Diamond Preparing For Special Meeting Of Shareholders On Acquisition

(IDEX Online) – Dominion Diamond Corporation has mailed a management information circular and related materials ahead of a special meeting of shareholders to approve its acquisition by Northwest Acquisitions ULC.

The firm is part of The Washington Companies which has agreed to acquire all of the issued and outstanding common shares of the company for $14.25 per share in cash, or $1.2 billion.

The meeting is scheduled for September 19, with shareholders of record as of the close of business on July 31 being entitled to receive notice of and vote at the meeting.

The board of directors of the company, based in part on the recommendation of the special committee of the company's board of directors and after receiving advice from its legal and financial advisors, unanimously agreed that the deal is in the best interests of the company and recommended that shareholders vote in favor.