Dye & Durham provided an update on its strategic review process and said its committee is reviewing an unsolicited, conditional partial cash acquisition proposal by Plantro Ltd.
- Company started review to maximize value for all shareholders, which may include a sale of the company, assets, recapitalizations or mergers
- Plantro delivered proposal to the strategic committee on Sept. 24, which considers acquisition of all the company’s shares for consideration consisting of:
- $4.75 in cash per share
- Shares of a yet to be formed public company that is intended to house the company’s Canadian financial services business, which the proposal ascribes a ...
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