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Peregrine Diamonds to be Acquired by De Beers Canada for $107 Million


On July 19, 2018, Peregrine Diamonds Ltd. and De Beers Canada Inc. entered into an arrangement agreement pursuant to which De Beers will acquire all of Peregrine’s outstanding common shares for $0.24 per share in cash for a total equity value of approximately $107 million.

Cassels is acting for the Special Committee of the Board of Directors of Peregrine with a team that includes Paul Stein, Jeff Roy, Jen Hansen and Jamie Litchen (Securities and M&A).

RELATED EXPERTISE: Mergers & Acquisitions | Securities