Dye & Durham explores sale amid takeover interest, rebuts Engine Capital's demands

Company

Dye & Durham Limited

Law Firm / Organization
Goodmans LLP

Company

Engine Capital LP

Law Firm / Organization
Davies Ward Phillips & Vineberg LLP
Law Firm / Organization
Olshan Frome Wolosky LLP

On October 24, 2024, Dye & Durham Limited (TSX: DND) expanded its strategic review to explore a potential sale after receiving takeover interest, following a request from regulator CIRO. The company countered Engine Capital LP's push for board control, asserting that Engine seeks influence without paying a premium to shareholders. Dye & Durham emphasized its commitment to value-maximizing options, debt reduction, and a shift to a SaaS model.

Advisors for Dye & Durham include Goldman Sachs as strategic advisor, and Goodmans LLP and Groia & Company as legal advisors.

Merger & Acquisition
Tech/Computer/IT
Undisclosed/Confidential
Active