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New Deal


Announced

The Washington Companies to acquire Dominion Diamond Mines for $126m..

Financials

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Transaction Value£103m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Canada

diamond mining

Friendly

Pending

Diamonds and Gemstones

Single Bidder

Acquisition

Majority

Synopsis

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The Washington Companies, an industrial services provider, agreed to acquire Dominion Diamond Mines, a Canadian mining company, for $126m. This transaction will ensure Dominion will be able to deliver on its plans to resume mining operations at the Ekati Diamond Mine, provide assurance to Dominion’s employees, suppliers and the communities. It will also allow Dominion to pay or meet obligations owed to employees, and ensure compliance with all appropriate health, safety and environmental standards at Ekati and provide economic support to the communities in the Northwest Territories.

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