July 25, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Dominion Diamond Corp (NYSE:DDC), was announced concerning whether the takeover of Dominion Diamond Corp. by an entity affiliated with Washington Companies for $14.25 per share is unfair to NYSE:DDC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Dominion Diamond Corp breached their fiduciary duties owed to NYSE:DDC investors in connection with the proposed acquisition.

On Jul. 17, 2017, Dominion Diamond Corp (NYSE:DDC) and The Washington Companies, a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, announced that they have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all of Dominions outstanding common shares for US$14.25 per share in cash or a total equity value of approximately US$1.2 billion pursuant to a plan of arrangement (the Arrangement) under the Canada Business Corporations Act.

However, given that at least one analyst has set the high target price for NYSE:DDC shares at $18.00 per share, the investigation concerns whether the offer is unfair to NYSE:DDC stockholders. More specifically, the investigation concerns whether the Dominion Diamond Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.