Lucara Diamond logo

LUC - Lucara Diamond News Story

C$0.8 -0.0  -4.8%

Last Trade - 8:59pm

Sector
Basic Materials
Size
Small Cap
Market Cap £195.3m
Enterprise Value £212.3m
Revenue £102.2m
Position in Universe 517th / 2703

EXCLUSIVE-Dominion Diamond, Stornoway held merger talks - sources

Mon 20th March, 2017 11:42pm
March 20 (Reuters) - Dominion Diamond Corp  DDC.TO   DDC.N  
and fellow Canadian diamond miner Stornoway Diamond Corp 
 SWY.TO  have held talks for a potential merger in recent 
months, people familiar with the matter said on Monday. 
    World No. 3 diamond miner Dominion, which is being targeted 
by U.S. billionaire Dennis Washington, and Stornoway, a small 
miner with a diamond mine in Quebec, declined to comment. The 
people declined to be named as the discussions are private. 
 urn:newsml:reuters.com:*:nL2N1GX0P3 
    One of the people said the talks were still ongoing.  
 
 (Reporting by Nicole Mordant in Vancouver and John Tilak in 
Toronto; Editing by Denny Thomas and Sandra Maler) 
 ((nicole.mordant@thomsonreuters.com; +1-778-374-3854; Reuters 
Messaging: nicole.mordant.thomsonreuters.com@reuters.net)) 
 
Keywords: DOMINION DIAMOND M&A/STORNOWAY DIAMOND (EXCLUSIVE
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.