Dye & Durham fields bid from management-led group: Bloomberg

Toronto-based software company Dye & Durham has received an offer from a shareholder group led by management to buy the company for about C$3.4 billion ($2.8 billion), Bloomberg reported.

Toronto-based software company Dye & Durham has received an offer from a shareholder group led by management to buy the company for about C$3.4 billion ($2.8 billion), Bloomberg reported. The disclosure might bring private equity buyers into the process as alternative bidders. Dye & Durham, which provides software for legal and business professionals, went public last year.

Source: Bloomberg