Reported about 9 hours ago
Dye & Durham, a Canadian software company, has received an unsolicited bid to take the company private at a value of C$1.34 billion, or C$20 per share. The bid, submitted by its second-largest shareholder Plantro, is deemed to undervalue the company by analysts, especially after previous higher offers. Following recent management changes, including the resignation of the chair, the company faces scrutiny for its acquisition strategies amid continuous challenges from investors.
Source: YAHOO