BAFL 51.55 Increased By ▲ 1.52 (3.04%)
BIPL 22.75 Increased By ▲ 0.34 (1.52%)
BOP 5.69 Increased By ▲ 0.27 (4.98%)
CNERGY 5.12 Increased By ▲ 0.07 (1.39%)
DFML 19.16 Decreased By ▼ -0.02 (-0.1%)
DGKC 80.23 Increased By ▲ 0.08 (0.1%)
FABL 33.15 Increased By ▲ 0.30 (0.91%)
FCCL 20.10 Decreased By ▼ -0.15 (-0.74%)
FFL 9.53 Decreased By ▼ -0.12 (-1.24%)
GGL 13.70 Increased By ▲ 0.10 (0.74%)
HBL 125.00 Increased By ▲ 3.66 (3.02%)
HUBC 122.85 Increased By ▲ 0.35 (0.29%)
HUMNL 7.89 Decreased By ▼ -0.11 (-1.38%)
KEL 4.22 Increased By ▲ 0.25 (6.3%)
LOTCHEM 28.30 Increased By ▲ 0.22 (0.78%)
MLCF 42.30 Increased By ▲ 0.10 (0.24%)
OGDC 125.20 Increased By ▲ 3.87 (3.19%)
PAEL 20.45 Increased By ▲ 0.22 (1.09%)
PIBTL 5.83 Increased By ▲ 0.03 (0.52%)
PIOC 119.15 Increased By ▲ 3.25 (2.8%)
PPL 113.66 Increased By ▲ 2.91 (2.63%)
PRL 31.80 Increased By ▲ 2.22 (7.51%)
SILK 1.09 Increased By ▲ 0.01 (0.93%)
SNGP 69.85 Increased By ▲ 0.82 (1.19%)
SSGC 13.72 Increased By ▲ 0.02 (0.15%)
TELE 8.90 Increased By ▲ 0.15 (1.71%)
TPLP 14.91 Increased By ▲ 0.24 (1.64%)
TRG 93.85 Increased By ▲ 2.55 (2.79%)
UNITY 27.20 Decreased By ▼ -0.05 (-0.18%)
WTL 1.63 No Change ▼ 0.00 (0%)
BR100 6,779 Increased By 130.6 (1.96%)
BR30 24,027 Increased By 458.9 (1.95%)
KSE100 65,885 Increased By 1166.8 (1.8%)
KSE30 22,071 Increased By 477.1 (2.21%)
Markets

Dye & Durham appoints JPMorgan, Scotiabank as advisers for strategic review

  • There can be no assurance that the exploration of strategic alternatives will result in a transaction
Published June 25, 2021

Dye & Durham Ltd said on Thursday a special committee of its board has appointed JPMorgan and Scotiabank as its financial advisers for a strategic review in response to a buyout offer worth about C$3.4 billion ($2.76 billion).

The special committee is still reviewing the proposal of the management-led shareholder group, the Canadian cloud-based software maker said, adding that it has not made decisions on specific strategic alternatives as yet.

Last month, Dye & Durham had said a newly formed special committee of independent directors would explore and evaluate potential strategic alternatives, including a merger, the sale of the company or its parts, and the sale of some of its assets.

"There can be no assurance that the exploration of strategic alternatives will result in a transaction," it said in a statement.

The special committee has engaged Osler, Hoskin & Harcourt LLP, and Norton Rose Fulbright Canada LLP as legal advisers in connection with the review.

Led by Chief Executive Matthew Proud, Dye & Durham 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.

Comments

Comments are closed.