Latest news with #Dye&DurhamLtd.
The Market Online
18 hours ago
- Business
- The Market Online
This software stock is breaking out on news of a strategic review
Dye & Durham stock (TSX:DND) has added more than 25 per cent after the company announced a strategic review to maximize shareholder value Dye & Durham specializes in practice management solutions for legal professionals The software stock has given back 11.26 per cent year-over-year and more than 70 per cent since 2022 Dye & Durham stock (TSX:DND) has added more than 25 per cent after the legal practice management software provider announced a strategic review to maximize shareholder value. According to Wednesday's news release, the board will consider 'a sale of the company, asset sales, recapitalizations or potential mergers' during its due diligence process. This content has been prepared as part of a partnership with Dye & Durham Ltd., and is intended for informational purposes only. Dye & Durham's review has led to a cooperation agreement with major shareholder Plantro, a company with ties to former chief executive officer Matt Proud, to withdraw its special meeting requisition to refresh the board of directors. The agreement will also see David Danziger, CPA, CA, appointed to the Dye & Durham board, in addition to chairing a newly formed special committee to lead the strategic review. Danziger previously served as senior vice president, assurance, and national leader of public companies at MNP LLP, Canada's fifth-largest accounting firm, where he continues to serve as a senior advisor. He has lent his extensive audit, accounting, M&A and management consulting expertise as a board member of numerous technology, mining and life sciences companies listed on the TSX, TSXV, CSE and NYSE. Leadership insights 'Over the past several weeks, the board has engaged with shareholders to carefully consider Dye & Durham's next steps,' Arnaud Ajdler, Dye & Durham's board chair, said in a statement. 'We appreciate the constructive and pragmatic engagement that we have had with Plantro and Matt Proud towards our shared goal of enhancing value for the company's shareholders, and we are pleased to have reached a resolution. We welcome David, whose M&A and accounting expertise and significant public company director experience will be incredibly additive.' 'As one of the company's largest and longest-standing shareholders, we are pleased to have reached a constructive agreement with the board that provides the basis to thoughtfully pursue a sale of the company to preserve and maximize value for all shareholders,' Proud added. 'Plantro is appreciative of the efforts of the board chair Arnaud Ajdler in developing this collaborative framework. We look forward to remaining an engaged and constructive shareholder.' About Dye & Durham Dye & Durham specializes in practice management solutions for legal professionals. The company operates in Canada, the United Kingdom, Ireland, Australia and South Africa. Dye & Durham stock (TSX:DND) has given back 11.26 per cent year-over-year and more than 70 per cent since 2022. Join the discussion: Find out what investors are saying about this software stock on the Dye & Durham Ltd. Bullboard, and make sure to explore the rest of Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
The Market Online
08-07-2025
- Business
- The Market Online
Market Open: New Tariff Proposal Rises TSX Futures
Canada's main index futures rose slightly Tuesday as investors reacted to President Trump's latest tariff plans and an approaching deadline for new trade deals. Market Numbers (Futures) TSX : Up ( 0.20%) 27,074.33TSXV: Up (0.32%) 757.62DOW: Down (0.03%) 44,667.00NASDAQ: Up (0.24%) 22,940.00 FTSE: Up (0.19%) 8,822.84 In the Headlines: A large shareholder of Dye & Durham Ltd. is pushing the company to put itself up for sale and seeking changes to its board of directors. And The Conference Board of Canada expects wage hikes will pick up speed in the coming years as the pace of population growth slows down. Currencies Update: (Futures) The Canadian dollar is higher this morning standing at $0.7336 U.S, glowing green on the Euro by 0.11% to $0.6255 and Bitcoin sneaks in 0.22% to CDN$148,602.94 Commodities: (Futures) Natural Gas: Down (0.68%), 3.39WTI: Down (0.09%), 67.87Gold: Down (0.25%), 3,327,66 Copper: Up (0.10%) 6.16 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Winnipeg Free Press
07-07-2025
- Business
- Winnipeg Free Press
Dye & Durham shareholder pushes for sale of company, seeks board changes
TORONTO – A large shareholder of Dye & Durham Ltd. is pushing the company to put itself up for sale and seeking changes to its board of directors. Plantro Ltd., which says it holds about an 11 per cent stake in Dye & Durham, has requested a special meeting of shareholders and nominated three people to the company's board. It is seeking to add Brian Bidulka, David Danziger and Martha Vallance to the board. It wants the removal of board chair Arnaud Ajdler and directors Tracey Keates and Ritu Khanna. Activist investor Engine Capital successfully pushed for a shakeup at the company in December. Engine Capital's slate of nominees was appointed after the previous board resigned together ahead of a shareholder vote. However, Plantro says the Engine activist group and the board have pursued a misguided and haphazard strategy. Dye & Durham shares were up $1.28 at $11.22 in trading on the Toronto Stock Exchange just before noon. This report by The Canadian Press was first published July 7, 2025. Companies in this story: (TSX:DND)
Mint
13-06-2025
- Business
- Mint
Dye & Durham's Ex-CFO Urges Sale After Stock Drops, Debt Mounts
A former senior executive and shareholder of Canadian technology firm Dye & Durham Ltd. is asking the board to consider a full sale of the company, citing a plunge in shareholder value and growing competitive pressures. Ronnie Wahi, who was chief financial officer until 2018, criticized the company's strategic direction in a letter sent to directors on Thursday, saying nearly C$1 billion in equity value has been lost under the current board. Shares of Dye & Durham have dropped about 55% over the past six months, giving the company a market capitalization of approximately C$650 million. The firm has struggled to attract new investors and trim its debt levels, according to Wahi, which has soured market sentiment on the stock. Long-term debt was C$1.6 billion as of March, up from C$1.3 billion two years earlier, according to data compiled by Bloomberg. Dye & Durham and Wahi did not immediately respond to requests for comment. 'It is difficult to see how the company can unlock shareholder value as a public entity within a reasonable time frame,' wrote Wahi, who's also a former board member. He urged directors to 'consider a full sale process to provide shareholders with alternatives and the opportunity to realize the present value of their investment.' The current board came to power following a contentious proxy fight last year that led to the departure of then-Chief Executive Officer Matthew Proud. Dissident shareholders led by New York-based Engine Capital rallied enough support to replace a majority of the board and install new leadership committed to restoring credibility and financial discipline. Engine's founder, Arnaud Ajdler, became the chair. This article was generated from an automated news agency feed without modifications to text.
