The shareholder group’s offer to take Dye & Durham private for $50.5 per share represents a premium of about 23 per cent to its last close of $40.99
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A newly formed special committee of independent directors will explore and evaluate potential strategic alternatives, the company said, including a merger, the sale of the company or its parts, and the sale of some of its assets, among others. Led by Matthew Proud, the Toronto-based company makes technology products for legal and business professionals, providing them access to government registry data, and simplifying the document search process, its website shows. It has operations in Canada, the United Kingdom, Ireland and Australia.
The company said it expects $220-million in proforma earnings before interest, taxes, depreciation and amortization following recent acquisitions and reflecting its business performance. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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