09/12/2021

Dye & Durham Provides Update on CMA Review of TM Group Acquisition

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Dye & Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that the United Kingdom’s Competition and Markets Authority (“CMA”) has taken a Phase 1 decision to refer the acquisition of TM Group (UK) Limited (“TMG”) (the “Transaction”) for an in-depth Phase 2 merger investigation. Subject to considering possible Phase 1 remedies to address the CMA’s concerns, the Phase 2 review process will commence in the New Year and should conclude within 24 weeks. Dye & Durham (UK) Limited (“D&D UK”), a wholly-owned indirect subsidiary of the Company, is continuing to fully cooperate with the CMA and remains confident in the benefits the Transaction presents for D&D UK and for the property conveyancing market in the UK.

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