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DYE & DURHAM COMMENCING ACTION AGAINST PLANTRO LTD. AND MATTHEW PROUD TO ENFORCE THE TERMS OF THE COOPERATION AGREEMENT TO PROTECT INTEGRITY OF STRATEGIC REVIEW PROCESS
DYE & DURHAM COMMENCING ACTION AGAINST PLANTRO LTD. AND MATTHEW PROUD TO ENFORCE THE TERMS OF...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n\n\nDYE & DURHAM COMMENCING ACTION AGAINST PLANTRO LTD. AND MATTHEW PROUD TO ENFORCE THE TERMS OF THE COOPERATION AGREEMENT TO PROTECT INTEGRITY OF STRATEGIC REVIEW PROCESS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\nDYE & DURHAM COMMENCING ACTION AGAINST PLANTRO LTD. AND MATTHEW PROUD TO ENFORCE THE TERMS OF THE COOPERATION AGREEMENT TO PROTECT INTEGRITY OF STRATEGIC REVIEW PROCESS\nCanada NewsWire\n\n\nStrategic Committee working with CIBC Capital Markets as its financial advisor and Osler, Hoskin & Harcourt LLP as its legal advisor\nTORONTO, Oct. 20, 2025 /CNW/ - Dye & Durham Limited (\"Dye & Durham\" or the \"Company\") (TSX: DND), a leading provider of cloud-based legal practice management software, today announced that, following an assertion by Plantro Ltd. (\"Plantro\") and Matthew Proud (\"Mr. Proud\") that the Cooperation Agreement entered into between them and the Company on July 29, 2025 (the \"Cooperation Agreement\") has been repudiated, the Company is commencing an action (\"Action\") in the Ontario Superior Court of Justice (Commercial List) to enforce the terms of the Cooperation Agreement in furtherance of the Company's diligent pursuit of its strategic review process.\nThe Company will be seeking, among other things, a declaration that the Cooperation Agreement remains fully valid and in force and injunctive relief prohibiting Plantro and Mr. Proud from breaching its terms.\nIn the Cooperation Agreement, Plantro and Mr. Proud agreed to certain standstill restrictions linked to the pendency of the strategic review process. As disclosed by the Company on October 8, 2025, the Strategic Committee established in accordance with the terms of the Cooperation Agreement has been actively evaluating strategic alternatives available to the Company with its advisors. The Strategic Committee has until December 29, 2025, to commence a process seeking initial written proposals. The Strategic Committee is actively engaged in both the analysis and evaluation of the Plantro proposal disclosed in the Company's O...