TORONTO – Shares of legal software firm Dye & Durham Ltd. were up more than 20 per cent after the company said it received an unsolicited takeover proposal from Plantro Ltd.
Dye & Durham says its strategic committee is reviewing the conditional and non-binding proposal. It did not release any details of the offer.
Plantro principal Matthew Proud is a former chief executive of Dye & Durham. Plantro already holds a roughly 11 per cent stake in the company, according to data compiled by LSEG Data & Analytics.
Plantro withdrew a previous offer for Dye & Durham of $10.25 per share earlier this fall after what it said was a lack of engagement by the board and concerns about Dye & Durham’s financial position.
News of the Plantro offer came as investment firm OneMove, which is also a major shareholder in Dye & Durham and is led by Tyler Proud, Matthew Proud’s brother and a former chair of Dye & Durham, seeks to replace the board and nominate five new directors.
Shares in Dye & Durham were up 58 cents at $3.29 in early afternoon trading on the Toronto Stock Exchange.
This report by The Canadian Press was first published Nov. 21, 2025.
Companies in this story: (TSX:DND)
