The Toronto-based legal software company is working with advisers to review offers from potential buyers, according to Bloomberg. Suitors reportedly include U.S.-based private equity firms and strategic companies. The talks are in early stages and may not result in a takeover. The company confirmed in a press release that, as part of a broader strategic review, it’s considering a sale as one option to “enhance shareholder value.” (Bloomberg)

Talking point: Dye & Durham’s stock hit $18.78 in mid-afternoon trading, the highest it’s been in over a year. The company embarked on a buying spree after going public in 2020, but later slowed its growth plans amid concerns it was over-leveraged. The firm said last November that it was considering selling its non-core assets, including its financial services business, to improve its ratio of debt to adjusted earnings. More recently, it’s been the target of activist investors seeking board changes to address concerns, including “underperformance and strategic missteps”—accusations Dye & Durham has denied.