Latest news with #Plantro
The Market Online
a day ago
- Business
- The Market Online
This software stock is breaking out on news of a strategic review
Dye & Durham stock (TSX:DND) has added more than 25 per cent after the company announced a strategic review to maximize shareholder value Dye & Durham specializes in practice management solutions for legal professionals The software stock has given back 11.26 per cent year-over-year and more than 70 per cent since 2022 Dye & Durham stock (TSX:DND) has added more than 25 per cent after the legal practice management software provider announced a strategic review to maximize shareholder value. According to Wednesday's news release, the board will consider 'a sale of the company, asset sales, recapitalizations or potential mergers' during its due diligence process. This content has been prepared as part of a partnership with Dye & Durham Ltd., and is intended for informational purposes only. Dye & Durham's review has led to a cooperation agreement with major shareholder Plantro, a company with ties to former chief executive officer Matt Proud, to withdraw its special meeting requisition to refresh the board of directors. The agreement will also see David Danziger, CPA, CA, appointed to the Dye & Durham board, in addition to chairing a newly formed special committee to lead the strategic review. Danziger previously served as senior vice president, assurance, and national leader of public companies at MNP LLP, Canada's fifth-largest accounting firm, where he continues to serve as a senior advisor. He has lent his extensive audit, accounting, M&A and management consulting expertise as a board member of numerous technology, mining and life sciences companies listed on the TSX, TSXV, CSE and NYSE. Leadership insights 'Over the past several weeks, the board has engaged with shareholders to carefully consider Dye & Durham's next steps,' Arnaud Ajdler, Dye & Durham's board chair, said in a statement. 'We appreciate the constructive and pragmatic engagement that we have had with Plantro and Matt Proud towards our shared goal of enhancing value for the company's shareholders, and we are pleased to have reached a resolution. We welcome David, whose M&A and accounting expertise and significant public company director experience will be incredibly additive.' 'As one of the company's largest and longest-standing shareholders, we are pleased to have reached a constructive agreement with the board that provides the basis to thoughtfully pursue a sale of the company to preserve and maximize value for all shareholders,' Proud added. 'Plantro is appreciative of the efforts of the board chair Arnaud Ajdler in developing this collaborative framework. We look forward to remaining an engaged and constructive shareholder.' About Dye & Durham Dye & Durham specializes in practice management solutions for legal professionals. The company operates in Canada, the United Kingdom, Ireland, Australia and South Africa. Dye & Durham stock (TSX:DND) has given back 11.26 per cent year-over-year and more than 70 per cent since 2022. Join the discussion: Find out what investors are saying about this software stock on the Dye & Durham Ltd. Bullboard, and make sure to explore the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Yahoo
2 days ago
- Business
- Yahoo
Dye & Durham to consider sale, merger in truce with investor Plantro
(Reuters) -Dye & Durham will review strategic alternatives to stabilize its finances and may even consider selling itself, it said on Tuesday, reaching a settlement that avoids a proxy fight with its second-largest investor, Plantro. The agreement comes less than a month after Plantro, which owns 11% of the Toronto-based Canadian legal software maker, said it was nominating three directors to the board who would push for a sale of the company, and calling for a special shareholders' meeting to vote on the nominees. Plantro had argued a sale was the only way to realize a control premium for shareholders and restore stability in the business. Dye & Durham has now agreed to add Plantro-nominee David Danziger to its board of directors. Danziger, who has expertise in audits, accounting, M&A and management consulting, will also chair a newly formed special committee to lead the review. In return, Plantro has withdrawn its special meeting request. Dye & Durham said it will not make any further public comments about the review, which could also include potential mergers, recapitalizations and asset sales, until the process has been completed. In May, Plantro, a company controlled by former Dye & Durham CEO Matthew Proud, asked Dye & Durham to stabilize its executive team, divest its financial services division, and later this year pursue the sale of its remaining core business.
CTV News
2 days ago
- Business
- CTV News
Dye & Durham launching strategic review that could include company sale
Trains commute as the city skyline is seen in Toronto, Canada, Friday, June 2025. (AP Photo/Kamran Jebreili) 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.
Yahoo
2 days ago
- 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
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
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. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 30, 2025. Companies in this story: (TSX:DND)
