Parties
Company
Dye & Durham Limited
Company
Engine Capital LP
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.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date