Dominion Diamond Corporation, which seeks to be acquired by Northwest Acquisitions ULC, has mailed “a management information circular and related materials ahead of a special meeting of shareholders” to approve of the deal, IDEX Online reports. The meeting is scheduled for September 19.
Northwest Acquisitions ULC is part of The Washington Companies which has agreed to acquire all of the issued and outstanding common shares of the company for $14.25 per share in cash, or $1.2 billion.
Earlier this month, Dominion announced the appointment of Patrick Evans as its new CEO. Evans, the former CEO of Mountain Province Diamonds, will assume office once Dominion finalizes the Northwest Acquisitions ULC deal.
