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.
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)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Published Date: Mar 21, 2017 05:45 AM | Updated Date: Mar 21, 2017 05:45 AM