OneMove Urges Dye & Durham Board to Engage With Credible Bidders

OneMove Capital, a major shareholder of Dye & Durham, has sent a letter to the company’s board of directors.

• OneMove is aware that the board received a credible, bona fide offer almost two weeks ago to acquire the company at substantial premium to recent share price, according to the letter
  • Understands that the board has failed to engage with the bidder in any serious or formal way
• Says strategic review remains the most viable path forward for Dye & Durham
• Says Dye & Durham board “must immediately engage with credible bidders in good faith, consistent with its fiduciary duty, and ...