Dominion Diamond Corp: Buyer Receives Govt Approval For Acquisition
October 30, 17
(IDEX Online) – Dominion Diamond Corporation said that The Washington Companies has received Investment Canada Act approval for the acquisition of all of the issued and outstanding common shares of the company for US$14.25 per share in cash.
The deal has already received shareholder approval, court approval, and clearance under the Competition Act (Canada). No further regulatory or shareholder approvals are required.
The acquisition arrangement is expected to be completed on or about November 1, subject to the satisfaction or waiver of the remaining conditions of closing.