Skip to content
Plantro, an investment firm controlled by former Dye & Durham CEO Matt Proud, has submitted a new offer to buy the Toronto-based legaltech company. Dye & Durham did not disclose the size of the unsolicited bid, which Bloomberg reported could be as much as $384 million. (The Logic, Bloomberg)
Talking point: The bid has reversed some of the losses that were triggered by Plantro’s decision to withdraw a previous bid last month, when it cited concerns about Dye & Durham’s debt. The company’s shares were up nearly 20 per cent in afternoon trading after being halted on Friday morning. However, the company faces still more internal turmoil. Three board members resigned this week, replaced by current CEO George Tsivin and financial industry veteran Alan Hibben. Former Dye & Durham chair Tyler Proud, Matt Proud’s brother, is proposing his own board slate for next month’s annual meeting.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canada gets low returns from events like the World Cup. Ottawa wants to know why
Briefing
Nokia to spin out space communications business through Canadian SPAC deal
Ontario police aren’t reporting spyware use, senior privacy official warns
Magna founder Stronach found guilty of indecent and sexual assault
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
