Harry Winston Diamond not actively negotiating a sale

by eyetee | October 19, 2012 2:11 pm

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Harry Winston Diamond Corp. says it is not in active negotiations to sell its watch and jewellery business despite rumours to the contrary.

Rumblings Harry Winston Diamond Corp. was looking to sell its watch and jewellery business had it issuing a terse response.

“While it is the company’s general policy not to comment on market rumours, it confirms 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 does not intend to make any further public announcements regarding this matter unless it concludes they are warranted by the circumstances or are required by law.”

Shares of Harry Winston Diamond soared more than 10 per cent on the TSX Oct. 18 on the basis of the rumours. The stock closed up 3.67 per cent at $13.83.

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