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Actionable news in DDC: DOMINION DIAMOND CORPORATION,

Exclusive: Washington Companies in talks to buy Canada's Dominion Diamond -sources

TORONTO (Reuters) - Dominion Diamond Corp of Canada, the world's third-largest diamond producer by market value, is in advanced and friendly talks with the Washington Companies on a sweetened cash takeover bid, sources told Reuters this week.

Negotiations are currently focused on the two sides settling on a price, said the sources, who declined to speak publicly on the matter. A deal could be announced within weeks, they said.

Trade in Dominion shares on the Toronto Stock Exchange was halted pending news. The stock had gained as much as 4.74 percent following Reuters' report on the talks.

The U.S.-listed shares soared as much as 6 percent to $13.60, before edging back to $13.44, or up 5.3 percent, in early afternoon trade in New York.

It was unclear how much Washington Companies had...


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