TSX- and NYSE-listed Dominion Diamond Corp announced late on Thursday that proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co have both recommended that Dominion shareholders vote in favour of suitor The Washington Companies’ $1.2-billion acquisition.
Montana-billionaire Dennis Washington will buy Dominion for $14.25 a share in cash, with subsidiary Northwest Acquisitions slated to acquire all of the issued and outstanding common shares of Dominion.
