Dye & Durham's non-UK business activities released from the United Kingdom's Competition and Markets Authority's Initial Enforcement Order
TORONTO, Oct. 28, 2021 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, today announced that the United Kingdom's Competition and Markets Authority ("CMA") has agree to limit the scope of its initial enforcement order (the "Order") so that it applies only to Dye & Durham's United Kingdom businesses and to TM Group (UK) Limited ("TMG").
By releasing Dye & Durham's non-United Kingdom business from the Order, Dye & Durham is able to continue all non-United Kingdom activities that do not compromise the CMA's ongoing review.
The Company continues to fully cooperate with this CMA merger review process, and to quickly seek required derogations from the Order, as and when needed, and to the extent possible. A copy of the derogation, once posted by the CMA, will be available at:
https://www.gov.uk/government/organisations/competition-and-markets-authority.
About Dye & Durham
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.
Forward-looking Statements
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 with respect to the CMA's review of the acquisition of TMG, the restrictions of the Order on the business of the Company, D&D UK and TMG, any derogations from the Order, and the impact of the Order and the Consent Letter on the Company's business and the business 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.
SOURCE Dye & Durham Limited
For inquiries, please contact: Ross Marshall, LodeRock Advisors Inc., [email protected], 416.526.1563
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