De Beers completes Winspear deal

De Beers Consolidated Mines (DBRSY-Q) confirms that it has acquired more than 96.2% of the shares of Winspear Diamonds as the result of its $5.00-per-share takeover bid.

De Beers will now invoke the compulsory acquisition provisions of the British Columbia Company Act to acquire the remaining shares. Winspear was delisted from Toronto Stock Exchange at the close of trading Sept. 8.