Dye & Durham Ltd. (TSE:DND) has released an update.
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Dye & Durham Ltd. has launched a substantial issuer bid to repurchase up to $185 million of its 3.75% convertible senior unsecured debentures, offering $900 per $1,000 principal amount without accrued interest. The offer, not contingent on a minimum tender, aims to provide shareholder value by reducing debt and is open until June 21, 2024, with conditions that could amend or withdraw the offer. Debentureholders have the option to participate and decide the number of debentures they wish to tender.
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