Latest news with #Dye&DurhamLtd.
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.
