Dye & Durham Is Said to Explore Sale After Takeover Approach (1)

Oct. 22, 2024, 8:17 PM UTC

Dye & Durham Ltd., a Canadian legal software company that’s been under pressure from activist investors, is exploring a sale after receiving takeover interest.

The Toronto-based company is working with advisers on a strategic review that may include a sale, merger or other transactions, it said in a statement Tuesday, confirming an earlier report from Bloomberg News. There’s no guarantee it will get a deal, the company cautioned.

Dye & Durham is working with Goldman Sachs to field interest from suitors, which include US-based private equity firms and some strategic companies, according to a person familiar with the matter, ...

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