Latest news with #Dye&DurhamLtd
Bloomberg
05-05-2025
- Business
- Bloomberg
Activist Plantro Ups ISC Battle, Plans to Extend Mini-Tender
An activist investor is escalating a campaign against Information Services Corp. and will extend the deadline for a mini-tender offer that seeks to buy as much as 15% of the Canadian database company. Plantro Ltd., a private holding company led by former Dye & Durham Ltd. Chief Executive Officer Matthew Proud, may seek a shareholder meeting to nominate its own slate of directors if ISC doesn't engage, according to a person familiar with their strategy.
Bloomberg
24-02-2025
- Business
- Bloomberg
Dye & Durham Receives Take-Private Offer From Plantro
A major shareholder of software company Dye & Durham Ltd. made an approach to take the company private at a 70% premium to last week's closing price, according to people with knowledge of the matter. Plantro Ltd., controlled by former Chief Executive Officer Matt Proud, is prepared to offer C$20 a share in cash, according to a letter seen by Bloomberg News, which would value the Canadian company at more than C$1.3 billion ($912 million).
