Dominion Diamond Shareholders Approve Acquisition By Washington Companies

(IDEX Online) – Dominion Diamond Corporation shareholders overwhelmingly approved an acquisition approval at a special meeting.

Northwest Acquisitions ULC, an entity affiliated with The Washington Companies, 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.

Approximately 99.32 percent of the shares represented at the meeting in person or by proxy, voted in favor of the special resolution approving the deal.

The deal is expected to close in the fourth quarter of this year, subject to various conditions being met.