Gem Diamonds bids for Kimberley (July 30, 2007)

Up-and-comer Gem Diamonds (GEMD-L) of the U.K. has tabled a friendly A70-per-share cash offer for Perth-based Kimberley Diamond Co. (KDC-L, KIM-A), valuing the Aussie junior producer at A$300-million.The offer is a 33% premium to the previous day's close, and will...

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