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By Shane Lasley
Mining News 

Dominion agrees to US$1.2B acquisition

 

Last updated 3/14/2018 at 8:32pm

Dominion Diamond Corp.

An aerial view of the facilities at Ekati, one of two Northwest Territories diamond mines Washington Companies will gain through the acquisition of Dominion Diamond.

Dominion Diamond Corp. July 17 reported that it has reached an agreement to be bought by The Washington Companies in a deal worth roughly US$1.2 billion.

Owned by billionaire Dennis Washington, The Washington Companies is a group of privately held North American mining industrial and transportation businesses.

Washington has agreed to pay cash to acquire all of Dominion's outstanding common s...



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