Dye & Durham Special Committee Appoints Financial Advisor – QNT Press Release


Toronto, June 24, 2021 /CNW/-Dye & Durham Limited (“Dyes and Durham“Or”the company“) (Toronto Stock Exchange:Do not disturb) Announced today that the special committee of the Dye & Durham Board of Directors chaired by Dye & Durham Brian Dirkson, (This”Special committee“) has appointed JPMorgan Chase and Scotiabank as its independent financial advisors in response to its previous announcement that Dye & Durham has begun a strategic review process in response to the proposed acquisition of Dye & Durham received from a shareholder group led by certain members (“Management Team“). The Special Committee also participated Osler, Hoskin & Harcourt LLP and Norton Rose Fulbright Canada LLP acted as their independent legal advisors related to the strategic review process.

The special committee, together with its financial and legal advisers, continues to review the management team’s proposal, which is still subject to certain conditions. As previously announced, the special committee has a broad range of responsibilities to consider the proposals of the management group, alternatives to such proposals and maintain the status quo and continue its work.

At present, the Special Committee has not made any decision on any specific strategic options, and…

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