Dye & Durham Ltd., a Canadian legal software company, is exploring a sale after receiving takeover interest, according to people with knowledge of the matter.
Paula Sambo and Gillian Tan, Bloomberg News -- Dye & Durham Ltd., a Canadian legal software company, is exploring a sale after receiving takeover interest, according to people with knowledge of the matter.
Dye & Durham shares surged as much as 11.1% after the Bloomberg report on the company’s process, reaching C$18.78 in Toronto, the highest intraday level in more than a year. Last year, the firm hired Goldman Sachs Group Inc. and Canaccord Genuity Group Inc. to advise it on a potential sale of noncore assets, including its financial services division.
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