Businessweek

Swatch%20Group%20AG%20%28SWX%3AUHR%29%20entered%20into%20an%20agreement%20to%20acquire%20Harry%20Winston%2C%20Inc.%20from%20Harry%20Winston%20Diamond%20Corporation%20%28TSX%3AHW%29%20for%20%241%20billion%20on%20January%2014%2C%202013.%20Under%20the%20terms%20of%20the%20agreement%2C%20Swatch%20Group%20will%20pay%20%24750%20million%20along%20with%20assumption%20of%20%24250%20million%20of%20net%20debt.%20Swatch%20Group%20will%20acquire%20the%20brand%20and%20all%20the%20activities%20related%20to%20jewelry%20and%20watches%2C%20including%20the%20535%20employees%20worldwide%20and%20the%20production%20company%20in%20Geneva.%20On%20closing%20of%20the%20transaction%2C%20Harry%20Winston%20Diamond%20Corporation%20will%20change%20its%20name%20to%20Dominion%20Diamond%20Corporation.%20The%20deal%20will%20terminate%20if%20not%20completed%20by%20July%2031%2C%202013.%0D%0A%0D%0AThe%20transaction%20is%20subject%20to%20the%20approval%20of%20the%20different%20regulatory%20authorities%20including%20approval%20as%20per%20Hart-Scott-Rodino%20Antitrust%20Improvements%20Act%20and%20is%20expected%20to%20close%20within%20the%20first%20fiscal%20quarter%20of%202014.%20As%20of%20March%2021%2C%202013%2C%20the%20transaction%20was%20approved%20by%20the%20regulatory%20board%20and%20Hart-Scott-Rodino%20Antitrust%20Improvements%20Act%20is%20expected%20to%20close%20on%20or%20about%20March%2026%2C%202013.%20Rothschild%20%28Canada%29%20Holdings%20Inc.%20acted%20as%20fairness%20opinion%20provider%20and%20Sean%20Vanderpol%2C%20Adeline%20Lee%2C%20Shawn%20Neylan%20and%20Michael%20Kilby%20of%20Stikeman%20Elliott%20LLP%20acted%20as%20legal%20advisor%20for%20Harry%20Winston%20Diamond%20Corporation.%20H.%20John%20Kao%20of%20Jones%20Day%20acted%20as%20the%20legal%20advisor%20for%20Harry%20Winston.

Swatch%20Group%20AG%20%28SWX%3AUHR%29%20entered%20into%20an%20agreement%20to%20acquire%20Harry%20Winston%2C%20Inc.%20from%20Harry%20Winston%20Diamond%20Corporation%20%28TSX%3AHW%29%20for%20%241%20billion%20on%20January%2014%2C%202013.%20Under%20the%20terms%20of%20the%20agreement%2C%20Swatch%20Group%20will%20pay%20%24750%20million%20along%20with%20assumption%20of%20%24250%20million%20of%20net%20debt.%20Swatch%20Group%20will%20acquire%20the%20brand%20and%20all%20the%20activities%20related%20to%20jewelry%20and%20watches%2C%20including%20the%20535%20employees%20worldwide%20and%20the%20production%20company%20in%20Geneva.%20On%20closing%20of%20the%20transaction%2C%20Harry%20Winston%20Diamond%20Corporation%20will%20change%20its%20name%20to%20Dominion%20Diamond%20Corporation.%20The%20deal%20will%20terminate%20if%20not%20completed%20by%20July%2031%2C%202013.%0D%0A%0D%0AThe%20transaction%20is%20subject%20to%20the%20approval%20of%20the%20different%20regulatory%20authorities%20including%20approval%20as%20per%20Hart-Scott-Rodino%20Antitrust%20Improvements%20Act%20and%20is%20expected%20to%20close%20within%20the%20first%20fiscal%20quarter%20of%202014.%20As%20of%20March%2021%2C%202013%2C%20the%20transaction%20was%20approved%20by%20the%20regulatory%20board%20and%20Hart-Scott-Rodino%20Antitrust%20Improvements%20Act%20is%20expected%20to%20close%20on%20or%20about%20March%2026%2C%202013.%20Rothschild%20%28Canada%29%20Holdings%20Inc.%20acted%20as%20fairness%20opinion%20provider%20and%20Sean%20Vanderpol%2C%20Adeline%20Lee%2C%20Shawn%20Neylan%20and%20Michael%20Kilby%20of%20Stikeman%20Elliott%20LLP%20acted%20as%20legal%20advisor%20for%20Harry%20Winston%20Diamond%20Corporation.%20H.%20John%20Kao%20of%20Jones%20Day%20acted%20as%20the%20legal%20advisor%20for%20Harry%20Winston.