Dye & Durham's Ex-CFO Urges Sale After Stock Drops, Debt Mounts
A former senior executive and shareholder of Canadian technology firm Dye & Durham Ltd. is asking the board to consider a full sale of the company, citing a plunge in shareholder value and growing competitive pressures.
Ronnie Wahi, who was chief financial officer until 2018, criticized the company's strategic direction in a letter sent to directors on Thursday, saying nearly C$1 billion ($740 million) in equity value has been lost under the current board.
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