Dye & Durham Tumbles on Competition Probe Amid Deal Interest (2)

Dye & Durham Ltd. shares fell about 18%, the most in over a year, after Canada’s Competition Bureau obtained a court order to investigate alleged anti-competitive conduct at the legal and business software company.

The probe is focused on Dye & Durham’s conveyancing software used in residential real estate transactions. The court order means the competition watchdog can now compel the company to produce records, and it also invited market stakeholders to submit information, according to a statement Thursday.

Dye & Durham said in a separate statementthat it’s cooperating fully, that the investigation doesn’t restrict its business operations, and ...