Bloomberg reported that Harry Winston Diamond Corp. has said that C. Fipke Holdings Ltd, a minority stakeholder of the Ekati diamond mine, has launched a legal suit to block the company’s planned acquisition of an 80% share of BHP Billiton Ltd’s Canadian operation.
As quoted in the market news:
C. Fipke Holdings Ltd. alleged in an action in Ontario Superior Court of Justice that offers made by BHP to Fipke didn’t comply with Fipke’s rights under joint-venture agreements for Ekati, Toronto-based Harry Winston said yesterday in a statement. The suit also names Harry Winston, Stewart Blusson, who is another minority owner, and Blusson-controlled Archon (ACS) Minerals Ltd., according to the statement.
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