News & Releases
Dominion Diamond Corporation to be acquired by The Washington Companies for US$14.25 per share in cash
US$1.2 Billion Acquisition Represents 44% Premium to Dominion’s Unaffected Share Price
Yellowknife, Northwest Territories and Missoula, Mont. – July 17, 2017
Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) and The Washington Companies , a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, today announced that they have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all of Dominion’s outstanding common shares for US$14.25 per share in cash or a total equity value of approximately US$1.2 billion pursuant to a plan of arrangement under the Canada Business Corporations Act. More....
Larry Simkins and David Sokol to Join as Directors
Hong Kong - April 10, 2017
Seaspan Corporation (NYSE: SSW) announced today that its Board of Directors has appointed Larry Simkins, President, Chief Executive Officer and Director of the Washington Companies (“WashCo”), to its Board to replace Graham Porter, who has resigned as a Director of the company to focus on other personal and professional commitments. Following Seaspan’s 2017 Annual General Meeting, it is anticipated that the Board will expand from eight to nine members and will add David Sokol, a Director of WashCo and experienced executive, as a Director. More....
THE WASHINGTON COMPANIES DISCLOSE ALL-CASH PROPOSAL TO ACQUIRE DOMINION DIAMOND CORPORATION FOR US$13.50 PER SHARE
US$1.1 Billion Proposal Would Provide Substantial Premium to Dominion Diamond Shareholders
Missoula, Mont. - March 19, 2017
The Washington Companies (“Washington”), a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, today announced that it has made a proposal to the board of directors of Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (“Dominion”) for a transaction in which Washington would acquire all of the outstanding common shares of Dominion for US$13.50 per share in cash, representing a 36 percent premium to Dominion’s closing stock price on March 17, 2017 and a 54 percent premium to the price when discussions ended on March 15, 2017. More....