July 17, 2017 / 2:31 PM / 2 months ago

BUZZ-Dominion Diamond: To be bought by Washington Companies

** Canadian diamond producer’s U.S.-listed shares up 4 pct at 2-year high of $14.03

** Canadian shares up 4.8 pct at $17.72 - most actively traded on TSX

** Washington Companies to acquire Dominion for $1.2 bln or $14.25/shr in cash, higher than Washington’s earlier offer of $13.50/shr

** Dominion had rejected Washington’s earlier offer, saying it undervalued the company

** Up to Friday’s close, DDC’s U.S. stock had risen ~39 pct this year, while its Canadian stock rose ~30 pct

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