Dye & Durham’s Ex-CFO Urges Sale After Stock Drops, Debt Mounts

A former senior executive and shareholder of Canadian technology firm Dye & Durham Ltd.is asking the board to consider a full sale of the company, citing a plunge in shareholder value and growing competitive pressures.

Ronnie Wahi, who was chief financial officer until 2018, criticized the company’s strategic direction in a letter sent to directors on Thursday, saying nearly C$1 billion ($740 million) in equity value has been lost under the current board.

The shares rose as high as C$10 on Friday on the Bloomberg report of Wahi’s letter before closing at C$9.78 in Toronto.

Shares of ...