Latest news with #LegalSoftware
Bloomberg
30-07-2025
- Business
- Bloomberg
Dye & Durham Strikes Truce With Activist, Starts Review
Legal software provider Dye & Durham Ltd. launched a review of strategic options, including a potential sale, in a bid to maximize shareholder value after reaching a truce with one of its largest investors. The shares jumped as much as 22% in early trading. Plantro Ltd., an investment firm controlled by former Dye & Durham Chief Executive Officer Matt Proud, agreed to withdraw its demand for a special shareholder meeting. As part of the truce, David Danziger, a veteran accountant and corporate director, will join the Toronto-based firm's board and chair a new special committee overseeing the review.
Yahoo
30-07-2025
- Business
- Yahoo
Dye & Durham launching strategic review that could include company sale
TORONTO — Legal software provider Dye & Durham Ltd. says it has initiated a strategic review that could include a sale of assets and the company. In connection with the review, the company announced that it has entered into a co-operation agreement with Plantro Ltd., a large shareholder that has been pushing for such a sale. Dye & Durham says that as part of the agreement with Plantro, David Danziger will be appointed to the board and serve as chair of a newly formed special committee that will lead the strategic review. It says Danziger is an experienced finance leader with a background in consulting on audits, accounting, mergers and acquisition and management. In early June, Plantro demanded immediate action from Dye & Durham to address the nearly $1 billion in lost shareholder value after the company's share price had fallen by around 60 per cent since last December. Plantro raised concerns about falling cash generation and rising costs and pushed for a special meeting of shareholders, a request it has agreed to withdraw under the agreement with the company. This report by The Canadian Press was first published July 30, 2025. Companies in this story: (TSX:DND) The Canadian Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
