Dominion Diamond strikes back against takeover bid [CBC (Canadian Broadcasting Corporation)]
DDC Enterprise Limited (DDC)
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=65233&p=irol-irhome
Company Research
Source: CBC
Dominion Diamond strikes back against takeover bid Offer of $13.50 USD per share by Montana-based The Washington Co. was revealed Sunday The Dominion Diamond Corporation says a reported $1.1 billion takeover bid undervalues the company and is a "highly opportunistic" attempt from a U.S. conglomerate to see its confidential information. The Toronto-based mining company released a statement to shareholders Monday after a weekend disclosure of a Feb. 21 purchase offer from The Washington Co., based in Montana. Dominion Diamond says The Washington Co. wanted access to the mining company's due diligence without respecting customary rules preventing it from using that confidential information to acquire control of Dominion if the deal was not completed. It also said The Washington Co. included conditions which would prevent Dominion from establishing a new CEO and stifle other opportunities to acquire new assets. "Washington Co. Is seeking a self-interested 'free option' to learn of Dominio
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