Dominion Diamond says no contact with Washington Corp after offer
TORONTO Canada's Dominion Diamond Corp (DDC.TO) (DDC.N) has not had any contact with Washington Corp since the privately-held company made public its unsolicited $1.1 billion offer in late March, said Dominion Chairman Jim Gowans on Thursday.
Calgary, Alberta-based Dominion launched a formal sales process March 27, after the approach by U.S. billionaire Dennis Washington. Dominion has repeatedly offered to engage with Washington Corp on "customary terms," Gowans said on a conference call with analysts, but that has not happened.
Dominion, currently seeking a new Chief Executive Officer, is pleased with the progress of its strategic review process, Gowans said, but he would not answer a question on whether there was more than one party interested in the miner.
(Reporting by Susan Taylor; Editing by Chizu Nomiyama)