Dominion to be acquired at $14.25 (U.S.) a share

US$1.2 Billion Acquisition Represents 44% Premium to Dominion’s Unaffected Share Price

YELLOWKNIFE, Northwest Territories & MISSOULA, Mont. -- Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) and The Washington Companies (“Washington”), a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which an entity affiliated with Washington will acquire all of Dominion’s 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. The transaction represents a 44 percent premium to Dominion’s unaffected share price of US$9.92 on March 17, 2017. The transaction marks the result of Dominion's review of strategic alternatives as previously announced on March 27, 2017.

Category: Diamonds

Published: 17 July 2017

Written by Editor

TSX M & A Up on News

CymaBay Announces Positive Interim Results from Its Ongoing Low-Dose Phase 2 Study of Seladelpar in Patients with Primary Biliary Cholangitis

Strong reduction in alkaline phosphatase of 39% (5 mg) and 45% (10 mg) at week 12

No safety signal for transaminase elevation or drug-induced itch

Potential for superior efficacy and better tolerability than existing second-line therapy

FDA agrees to extend dosing of 5 mg and 10 mg beyond six months

Conference call today at 8:30 a.m. ET

NEWARK, Calif., July 17, 2017 -- CymaBay Therapeutics, Inc. (Nasdaq:CBAY), today announced positive interim results from its ongoing low-dose Phase 2 study of seladelpar in patients with primary biliary cholangitis (PBC), a life-threatening and life-limiting chronic cholestatic liver disease. In the first part of the study, patients at high risk of disease progression, with an inadequate response to ursodeoxycholic acid (UDCA), as characterized by a persistent elevation in alkaline phosphatase (AP), or who were intolerant to UDCA, received either 5 mg or 10 mg of seladelpar once-daily.

Category: Biotech

Published: 17 July 2017

Written by Editor

Nasdaq Up on News Project Update

Sevcon Signs Definitive Agreement to be Acquired by BorgWarner

SOUTHBOROUGH, Mass., July 17, 2017 -- Sevcon, Inc. (“Sevcon” or the “Company”) (Nasdaq:SEV), a world leader in the design and manufacture of controls and battery chargers for zero emission electric and hybrid vehicles, today announced that it has entered into a definitive merger agreement with BorgWarner Inc. that provides for BorgWarner to acquire all of the outstanding shares of Sevcon’s common stock for $22.00 per share in cash and all of the outstanding shares of Sevcon’s Series A Convertible Preferred Stock for a price per share on an as-converted basis equal to the common stock, together with payment of any accrued and unpaid dividends. The total transaction value, including the assumption of indebtedness, is expected to be approximately $200 million at the closing of the transaction.

The transaction price of $22.00 per share represents a 61% premium to the closing sale price of common stock of the Company on Friday, July 14, 2017 and a 64% premium to the 30-day volume weighted average price of common stock of the Company.

Category: Auto / Truck Parts

Published: 17 July 2017

Written by Editor

Nasdaq M & A Up on News

Read more: Sevcon Inc ( SEV )

Subscriber experience focused service provider turns to Calix Marketing Cloud and Calix Support Cloud to delight its subscribers and streamline internal operations

PUNTA CANA, DR – July 17, 2017 – Calix, Inc. (NYSE: CALX), the world leader in Subscriber Driven Intelligent Access, today announced that Logic, one of the Caribbean’s premier service providers, has selected Calix Marketing Cloud (CMC) and Calix Support Cloud (CSC) to enhance existing GigaCenter deployments and deliver an unmatched subscriber experience in the Cayman Islands. Logic is using behavioral analytics and business intelligence insights provided by these two Calix Cloud services to optimize every subscriber interaction. CMC allows Logic to target the right subscribers with the right service to match their needs, while CSC enables a more effective customer support experience where automation and analytics greatly enhance the likelihood of rapidly identifying the customer issues for resolution. With Calix Cloud, Logic has access to the data, insights, and automation required to delight its subscribers while becoming dramatically more efficient – driving significant costs out of their daily operations.

Category: Submitted Articles

Published: 17 July 2017

Written by RealWire

Callinex Intersects 9.0m of 5.2% Zinc Equivalent Mineralization at 11m Depth Located 350m North of the Nash Creek Deposit in New Brunswick

Highlights

Drill hole NC17-226 intersected 9.0m of 5.2% Zn Eq. including 2.4m of 12.6% Zn Eq. within 20m of surface and located 350m north of the Nash Creek Deposit;

Drill hole NC17-224 intersected 14.8m of 3.6% Zn Eq. including 2.7m of 6.9% Zn Eq. and 2.4m of 5.6% Zn Eq. within 100m of surface and located 250m northeast of the Nash Creek Deposit; and

An additional ten holes were drilled within a 450m long by 200m wide target area to the north of the Nash Creek Deposit.

Category: Base Metals

Published: 13 July 2017

Written by Editor

Drill Results Up on News TSXV

Dominion Diamond Corporation ( DDC )

Dominion to be acquired at $14.25 (U.S.) a share

CymaBay Therapeutics Inc ( CBAY )

CymaBay Announces Positive Interim Results from Its Ongoing Low-Dose Phase 2 Study of Seladelpar in Patients with Primary Biliary Cholangitis

Sevcon Inc ( SEV )

Sevcon Signs Definitive Agreement to be Acquired by BorgWarner

Caribbean's Logic to Radically Transform Marketing and Customer Support Efficiency and Effectiveness with Calix Cloud

Callinex Mines Inc ( CNX )

Callinex Intersects 9.0m of 5.2% Zinc Equivalent Mineralization at 11m Depth Located 350m North of the Nash Creek Deposit in New Brunswick

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