TORONTO, Feb. 25,
2025 /CNW/ - Dye & Durham Limited (the
"Company" or "Dye & Durham") (TSX: DND), at the
request of CIRO, today responded to a media report related to the
receipt of an unsolicited proposal to purchase the Company. While
it is the Company's policy not to comment on market speculation or
rumours, Dye & Durham confirms that it received an unsolicited,
non-binding, conditional and indicative proposal, lacking in any
material detail as to its financing, to purchase the Company for
$20 per common share. The Company is
not in discussions or negotiations with any third party, nor is
there any agreement, understanding or arrangement with respect to
any such transaction.
The Company does not intend to make any further public
announcements regarding any rumours or speculation unless it
determines that disclosure is warranted and in accordance with the
requirements of applicable law.
ABOUT DYE & DURHAM LIMITED
Dye & Durham
Limited provides premier practice management solutions empowering
legal professionals every day, delivers vital data insights to
support critical corporate transactions and enables the essential
payments infrastructure trusted by government and financial
institutions. The company has operations in Canada, the United
Kingdom, Ireland,
Australia, and South Africa.
Additional information can be found at www.dyedurham.com.
Forward-Looking Statements
This press release may
contain forward-looking information within the meaning of
applicable securities laws, which reflects Dye & Durham's
current expectations regarding future events. In some cases, but
not necessarily in all cases, forward-looking statements can be
identified by the use of forward looking terminology such as
"plans", "targets", "expects" or "does not expect", "is expected",
"an opportunity exists", "is positioned", "estimates", "intends",
"assumes", "anticipates" or "does not anticipate" or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might", "will" or "will
be taken", "occur" or "be achieved". In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances contain forward-looking
statements.
Forward-looking statements are not historical facts, nor
guarantees or assurances of future performance but instead
represent management's current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond Dye & Durham's control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking information. Such
risks and uncertainties include, but are not limited to, the
factors discussed under "Risk Factors" in Dye & Durham's most
recent annual information form. Dye & Durham does not undertake
any obligation to update such forward-looking information, whether
as a result of new information, future events or otherwise, except
as expressly required by applicable law.
SOURCE Dye & Durham Limited
