Dye & Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that it has entered into an agreement to acquire Property Information Exchange Ltd. (“PIE“), for approximately £31.0 million (approximately C$52.9 million1) (the “Acquisition“) and that it has entered into an agreement with Canaccord Genuity Corp. (“Canaccord“) to issue, on a bought deal private placement basis, 2,381,621 common shares of the Company (the “Shares“) at a price of $21 per Share (the “Offering Price“) for aggregate gross proceeds to the Company of $50,014,041 (the “Treasury Offering“).
PIE is an innovative technology company that operates under the trade name “poweredbypie” and offers cloud-based real estate due diligence products in the United Kingdom that significantly expands the Company’s footprint.
Go to Media