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    DND   CA2674881040

DYE & DURHAM LIMITED

(DND)
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Dye & Durham Acquires Financial Solutions Arm, Assets from Telus for C$500 Million

12/06/2021 | 09:06am EST

By Adriano Marchese

Dye & Durham Ltd. said Monday that it has acquired the financial solutions business and other assets from Telus Corp. for 500 million Canadian dollars, the equivalent of US$389.3 million.

The Canadian cloud-based software and solutions company for the legal and financial services sectors said the acquisition adds scale within its Canadian business and expands its capacity by adding a large non-bank payment platform.

"This transaction is consistent with our growth strategy, adds significant scale within our current Canadian business, and is very well suited for our proven 'acquire and integrate' playbook," Chief Executive Matt Proud said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

12-06-21 0905ET

Stocks mentioned in the article
ChangeLast1st jan.
DYE & DURHAM LIMITED -0.79% 41.61 Delayed Quote.-7.29%
TELUS CORPORATION 0.10% 29.82 Delayed Quote.0.10%
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Analyst Recommendations on DYE & DURHAM LIMITED
More recommendations
Financials
Sales 2022 507 M 404 M 404 M
Net income 2022 38,2 M 30,4 M 30,4 M
Net Debt 2022 901 M 719 M 719 M
P/E ratio 2022 94,6x
Yield 2022 0,18%
Capitalization 2 862 M 2 281 M 2 282 M
EV / Sales 2022 7,43x
EV / Sales 2023 5,22x
Nbr of Employees 138
Free-Float -
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Technical analysis trends DYE & DURHAM LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 41,61 CAD
Average target price 64,40 CAD
Spread / Average Target 54,8%
EPS Revisions
Managers and Directors
Matthew W. Proud Chief Executive Officer & Director
Avjit Kamboj Chief Financial Officer
Brian L. Derksen Chairman
Conor Maguire Chief Information Officer
Eric Tong Chief Operating Officer
Sector and Competitors