Company responded to media reports by saying that it has received various indications of interest regarding a potential purchase of its luxury brand segment.
Harry Winston Diamond Corp. (TSX: T.HW, Stock Forum) (NYSE: HWD, Stock Forum) issued the following statement Thursday in response to recent media reports: “While it is the company’s general policy not to comment on market rumours, it confirms that it has received various indications of interest regarding a potential purchase of its luxury brand segment. It is not in active negotiations regarding any such transaction.’’
The company said in a press release that it does not intend to make any further public announcements regarding this matter unless it concludes that they are warranted by the circumstances or required by law.
The comment follows a recent rally in the value of Harry Winston shares. Down 4% to $13.28 on Thursday, the stock is up from $11.50 in late September.
At current levels, Harry Winston has a market cap of $1.1 billion, based on 84.8 million shares outstanding. The 52-week range is $15.80 and $9.89.
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