23/09/2022

Link Group terminates acquisition discussions with Dye & Durham

TORONTOSept. 23, 2022 /CNW/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”), a leading provider of cloud-based, efficient workflow software for legal and business professionals, announced today that Link Administration Holdings Limited (ASX: LNK) (“Link Group”) has terminated discussions with respect to Dye & Durham’s proposed acquisition of Link Group.

“While we are disappointed with this outcome given the significant time and resources invested in managing this process over the last ten months, we have a robust pipeline of M&A opportunities before us and a proven and extensive track record of allocating capital to acquisitions that deliver outsized investor returns,” said Dye & Durham CEO Matthew Proud. “We plan to continue to focus on deploying capital on deals with attractive economics, steady cash flow and significant growth potential and optimizing them to drive additional shareholder value.”

About Dye & Durham

Dye & Durham Limited is a leading provider of cloud–based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The Company has operations in Canada, the United KingdomIreland and Australia, and has a strong blue-chip customer base that includes law firms, financial service institutions, and government organizations.

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 the Company’s current expectations regarding future events, including statements relating to the Company’s future plans for allocating capital. 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.

Such forward-looking information is necessarily based on a number of opinions, estimates and assumptions. Forward-looking information is also subject to a number of risks and uncertainties, many of which are beyond the Company’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 the factors discussed under “Risk Factors” in the Company’s most recent annual information form. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Accordingly, investors should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Company’s expectations as of the date of this news release, and are subject to change after such date. The Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as expressly required under applicable law.

SOURCE Dye & Durham Limited

For further information: Dye & Durham Investor Relations, Ross Marshall, Phone: (416) 526-1563, E-mail: [email protected]

Go to Media

LATEST MEDIA

15/04/2024
Press Releases

Dye & Durham Provides Update on its Previously Announced Shareholder Meeting

TORONTO, April 15, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“), (TSX: DND) today announced the receipt a notice from Blacksheep Master Fund Limited c/o Mourant Governance Services…

Read more
11/04/2024
Press Releases

Dye & Durham Announces Closing of USD $905 million Refinancing Transactions

Provides enhanced financial flexibility to execute upon strategic priorities Estimated annualized net interest cost savings of approximately CAD $20 million  TORONTO, April 11, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham“) (TSX: DND) today…

Read more
10/04/2024
News

Dye & Durham joins the Ontario Chamber of Commerce Artificial Intelligence Hub

Dye & Durham partners with Microsoft Canada, WatSPEED at the University of Waterloo and Magnet to promote business adoption, inform public policy and advance AI use cases. TORONTO, April 10, 2024 /CNW/ – Dye & Durham Limited…

Read more
05/04/2024
Press Releases

Dye & Durham Announces Pricing of Refinancing Transactions

TORONTO, April 5, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or “Holdings“) (TSX: DND) today announced that Dye & Durham Corporation (the “Company“), a wholly-owned subsidiary of Holdings, has priced and…

Read more
01/04/2024
News

Dye & Durham Provides Update on the Company’s 3.75% convertible senior unsecured debentures due 2026

TORONTO, April 1, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“) (TSX: DND) today announced that, subject to the closing of its previously announced refinancing transactions (the “Refinancing…

Read more
01/04/2024
Press Releases

Dye & Durham Announces Proposed USD $500 million Senior Secured Notes Offering

TORONTO, April 1, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or “Holdings“) (TSX: DND) today announced that Dye & Durham Corporation (the “Company“), a wholly-owned subsidiary of Holdings, has commenced…

Read more
29/03/2024
Press Releases

Dye & Durham Sets Meeting Date

TORONTO, March 29, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or “Holdings“), (TSX: DND) today announced that has called a special meeting of shareholders (the “Meeting“) to be held on August…

Read more
20/03/2024
Press Releases

Dye & Durham Announces Marketing of New Credit Facility

TORONTO, March 20, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or “Holdings“), (TSX: DND) today announced that Dye & Durham Corporation (the “Company“), a wholly-owned subsidiary of Holdings, commenced the marketing…

Read more
15/03/2024
Press Releases

Dye & Durham Provides an Update on Board Matters

TORONTO, March 15, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) announced today that, (i) the Chair of the Company’s board of directors…

Read more
13/02/2024
Press Releases

Dye & Durham Reports Second Quarter Fiscal 2024 Financial Results

Revenue up 17% to $110 million, taking into consideration the TM Group divestiture Annual Contracted Revenue of $203 million1, or 49% of total revenue as of December 31, 2023 ARR was $112 million, or…

Read more
06/02/2024
Press Releases

Dye & Durham Announces Closing of Approximately $145 Million Bought Deal Including Full Exercise of Over-Allotment Option

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, Feb. 6, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company“) (TSX: DND) announced today…

Read more
31/01/2024
Press Releases

Dye & Durham to Host Second Quarter Fiscal 2024 Conference Call

TORONTO, Jan. 31, 2024 /CNW/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”), one of the world’s largest providers of cloud-based legal practice management software designed to make managing…

Read more