Dye & Durham (TSE:DND) has released an update.
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Dye & Durham triumphed in court over OneMove’s attempt to oust a director, which was deemed invalid and a breach of the Investor Rights Agreement. The company expresses frustration with activist shareholders’ aggressive tactics to control the board, which they see as harmful to stakeholder interests. Despite offering concessions, the activist group has rejected good-faith negotiations, continuing their disruptive campaign.
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