Nov 13, 2023
Dye & Durham launches strategic review of non-core assets
The Canadian Press
We don't think the market is giving us the right fundamental value: Dye & Durham COO
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Dye & Durham Ltd. says it has launched a strategic review of its non-core assets in an effort to reduce its debt.
The company says the review will examine a variety of options, including the potential sale of all or part of its non-core assets, including its financial services business.
Dye & Durham CEO Matthew Proud says the company is working closely with its financial and legal advisers to ensure the review is "comprehensive, diligent and maximizes value."
The company cautioned that there's no assurance the review will result in a transaction.
Dye & Durham is a provider of cloud-based legal practice management software.
It has operations in Canada, the United Kingdom, Ireland, Australia and South Africa.
This report by The Canadian Press was first published Nov. 13, 2023.
