The union of two diamond companies

Dominion Diamond Corporation and Stornoway Diamond Corporation held talks on a possible merger, according to Reuters.
Meanwhile, previously separate Dominion rejected a takeover bid from Washington Companies.
In the negotiations on the merger was considered the possibility that the CEO Mett Menson Stornoway (Matt Manson) will take the vacant post of general director of Dominion, the agency said. Discussions began in January, Reuters reported with reference to its source, adding that negotiations on other acquisitions are also continuing.
The union of two diamond companies can unite under one of three significant mining assets in Canada. Stornoway Renard opened mine (Renard) in Quebec City in October of last year, while Dominion owns Ekati mine (Ekati) in the Northwest Territories and 40 percent share of Diavik Project (Diavik).
Dominion has confirmed that it has entered into negotiations with Washington Companies, which are still ongoing. Washington turned to the diamond company with a takeover bid totaling $ 1.1 billion. Dominion has rejected the proposal as "opportunist" and undervalues the company.
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