Ex-Dye & Durham CEO’s Firm Said to Offer 111% Premium to Buy the Company

Plantro Ltd., the investment firm controlled by former Dye & Durham Ltd. executive Matt Proud, has submitted a fresh proposal to take the legal software company private for about C$384 million ($273 million), according to people familiar with the matter.

The offer was sent to Dye & Durham’s special committee this week and proposes to pay C$5.72 a share in cash and notes, according to the people, more than double the stock’s closing price on Thursday.