– Dye & Durham Ltd said the special committee of its board has appointed JPMorgan and Scotiabank as its financial advisers in connection to a strategic review process in response to a buyout offer from a management-led shareholder group worth about C$3.4 billion ($2.76 billion).
The Canadian cloud-based software maker said in May a newly formed special committee of independent directors would explore and evaluate potential strategic alternatives, including a merger, the sale of the company or its parts, and the sale of some of its assets.
($1 = 1.2308 Canadian dollars)