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BRIEF-Dominion Diamond to be bought by The Washington Companies

BRIEF-Dominion Diamond to be bought by The Washington Companies
From Reuters - July 17, 2017

July 17 (Reuters) - Dominion Diamond Corp:

* Dominion Diamond to be acquired by the Washington Companies for US$14.25 per share in cash

* Dominion Diamond Corp - deal for US$1.2 billion

* Dominion Diamond Corp -board has unanimously determined that arrangement is in best interests of company

* Dominion Diamond Corp - as part of deal Washington plans to operate co as standalone business

* Dominion Diamond - if arrangement not completed as a result of a superior proposal, co required to pay Washington termination fee equal to US$43.9 million

* Dominion Diamond Corp - Washington Companies has obtained fully committed debt financing for deal

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