Pursuits
Dominion Diamond to Explore Sale as Shareholders Revolt
- Canadian diamond miner working with Rothschild on options
- K2-led shareholder group asks for meeting with board
Dominion Diamond Said to Explore Sale
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Dominion Diamond Corp. has hired financial advisers to explore a sale as the Canadian miner comes under pressure from shareholders about its falling share price, according to people familiar with the matter. The shares surged the most since 2009.
The diamond miner has hired Rothschild & Co. to advise on the sales process, said the people, who asked not to be identified because the matter is private. The deliberations aren’t final and may not lead to a deal, the people said.