Dye & Durham Ltd. (DND.TO) announced on Wednesday that its Board of Directors has decided to pause the strategic review process, initially announced on October 22, 2024. This pause will remain in place until after the conclusion of the 2024 annual meeting and the election of a new board of directors.
Following these events, the company plans to explore additional opportunities to increase shareholder value, which could include potential actions such as selling the company, merging, divesting assets, or pursuing other strategic transactions.
Dye & Durham has reported significant interest from various strategic and financial parties offering attractive premiums over the current market price of its shares.
The decision by the Board to halt this well-advanced review process has been influenced by the existing activist situation and feedback from a select group of shareholders.
