Dominion Diamond puts itself up for sale after $1.1 bln approach: Reuters

Dominion Diamond Corp, the target of an unsolicited US$1.1 billion approach by U.S. billionaire Dennis Washington, said it will launch a formal sales process, Reuters reported. The Canadian company's stock rose on speculation that global miners including Rio Tinto and Anglo American's De Beers unit may now make a bid. Analysts have also speculated that Russia's Alrosa and private equity players could be interested in Dominion, which owns the Ekati diamond mine in Northwest Territories and is the world's third-largest diamond producer by value.

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