Dye & Durham shares fall after annual report filing delay

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Dye & Durham shares plummeted after the company announced it will miss its annual report filing deadline. The legal software provider cited concerns from the Ontario Securities Commission regarding goodwill impairment testing and disclosures. This delay adds to existing pressures including financial leverage and management turnover. The company is undergoing a strategic review, including a potential sale, following an agreement with activist shareholder Plantro Ltd. The delay could trigger a technical default on its debt obligations.


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Dye & Durham shares fall after annual report filing delay | News Minimalist