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Published on 3/9/2007 in the Prospect News Special Situations Daily.

Sunterra in acquisition talks with Diamond Resorts

By Lisa Kerner

Charlotte, N.C., March 9 - Sunterra Corp. said it is in discussions with Diamond Resorts LLC regarding a possible acquisition of Sunterra.

The company issued a response to a story in the Wall Street Journal, according to a news release.

Sunterra, a Las Vegas vacation ownership company, said no agreements have been signed and did not provide additional details.


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