TORONTO, Oct. 13,
2022 /CNW/ - Dye & Durham Limited ("Dye
& Durham" or the "Company") (TSX: DND) a leading
provider of cloud-based, efficient workflow software for legal and
business professionals, today announced that, following the
completion of the United Kingdom's
Competition and Markets Authority's ("CMA") review of Dye &
Durham's acquisition of TM Group (UK) Limited ("TMG"), it has made
an undertaking to the CMA to sell TMG in its entirety.
"TMG is a profitable and well-run technology company which is
what attracted us to it originally. We are confident TMG will
thrive in the hands of a new owner," said Matthew Proud, CEO of Dye & Durham.
Dye & Durham plans to shortly initiate the process to sell
TM Group. Interested parties can submit inquiries at
TMGInquiry@dyedurham.com.
Forward Looking
Information
This press release may contain forward-looking information
within the meaning of applicable securities laws, which reflects
the Company's current expectations regarding future events,
including regarding the sale of TMG. In some cases, but not
necessarily in all cases, forward-looking statements can be
identified by the use of forward looking terminology such as
"plans", "targets", "expects" or "does not expect", "is expected",
"an opportunity exists", "is positioned", "estimates", "intends",
"assumes", "anticipates" or "does not anticipate" or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might", "will" or "will
be taken", "occur" or "be achieved". In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances contain forward-looking
statements. Forward-looking statements are not historical facts,
nor guarantees or assurances of future performance but instead
represent management's current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking information is based on a number of assumptions
and is subject to a number of risks and uncertainties, many of
which are beyond the Company's control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking information. Such
risks and uncertainties include, but are not limited to, the
factors discussed under "Risk Factors" in the Company's most recent
annual information form. Dye & Durham does not undertake any
obligation to update such forward-looking information, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
About Dye & Durham
Limited
Dye & Durham Limited is a leading provider of cloud-based
software and technology solutions designed to improve efficiency
and increase productivity for legal and business professionals. Dye
& Durham provides critical information services and workflows,
which clients use to manage their process, information and
regulatory requirements. The Company has operations in Canada, the United
Kingdom, Ireland and
Australia and has a strong
blue-chip customer base that includes law firms, financial service
institutions, and government organizations.
Additional information can be found at www.dyedurham.com.
SOURCE Dye & Durham Limited