Dye & Durham Ltd.’s former chief financial officer said he plans to nominate new directors and press for a sale of the company, escalating a monthslong fight with the board.
Ronnie Wahi accused the board of ignoring “qualified” bidders offering significant premiums to take over the Canadian legal software company.
“The only hope for shareholders to preserve and maximize the remaining value of the business – a full sale of the company — has been relegated to a rudderless special committee process,” he said in a statementlate Wednesday.
The move follows a long period of unrest among shareholders ...
