remain fully committed to the completion of the deal

Canadian diamond company Dominion Diamond Corp. rejected a proposal to purchase its controlling stake worth $ 1.1 billion at a price of $ 13.50 per share from the Washington Companies (Missoula, Montana), the North American group of companies engaged in mining production, industrial production and transportation, Reuters reported.
Dominion has confirmed that its Board of Directors considered the proposal Washington Companies, but came to the conclusion that the conditions of the proposed negotiations unexpected and unacceptable. They provide access to confidential information that could be used to fight for the votes of the purpose of the corporation to take control of and to veto the choice of its board a new CEO.
President Washington Companies Lourens Simkins (Lawrence Simkins) said that the company he represents has offered a substantial premium - 36 percent premium to the final exchange rate Dominion shares as of March 17, and 54 percent premium at the time of conclusion of the negotiations on 15 March, as well as the immediate securing liquidity. Washington Companies remain fully committed to the completion of the deal, he said.
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