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unsolicited takeover bidfinancialpost
•Business
Business & Economics
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
External references
1
Source diversity
1