March 27, 2017 / 10:25 AM / in 8 months

Dominion Diamond to explore strategic options, including sale

March 27 (Reuters) - Canadian diamond miner Dominion Diamond Corp , target of a $1.1 billion unsolicited bid by privately held The Washington Cos, said on Monday it would explore strategic alternatives, including a potential sale.

Last week, M&G Investments, Dominion’s largest shareholder, had advised the company to run a formal sales process and open its books to interested parties.

TD Securities Inc is the company’s financial adviser.

Reporting by John Benny in Bengaluru; Editing by Anil D'Silva

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