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Dye & Durham received $1.3B takeover bid, but says it’s not in talks

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Summary
Nutrition label

70% Informative

Dye & Durham Ltd. received an unsolicited takeover bid for $ 20 a share, but said it isn’t in negotiations with any buyer.

The offer would be a 37 per cent premium to Monday ’s closing price.

Bloomberg News reported Monday that a company controlled by former chief executive Matt Proud made the buyout approach in a letter to the board.

The company, which provides software and services to the legal industry, didn't name Proud in its statement.

VR Score

77

Informative language

78

Neutral language

81

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1