- Setting the stage for a public takeover fight, Canadian mining company Dominion Diamond (NYSE:DDC) has received a $1.1B bid from a privately held conglomerate in Montana, but the two sides are at a negotiating impasse, WSJ reports.
- Washington Cos. approached Dominion last month with an offer of $13.50 a share - representing a 36% premium to its closing price of $9.92 on Friday, when it surged more than 12% after disclosing strong earnings guidance.
Washington Cos. makes move on Dominion Diamond
Recommended For You
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
DDC-OLD | - | - |
Dominion Diamond Corporation |