associate sponsors

Havells
HDFC

Exclusive: Dominion Diamond, Stornoway held merger talks - sources | 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.

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.


Updated Date: Mar 21, 2017 05:45 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See