Dye & Durham raises $500-million to help fund acquisition spree Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Dye & Durham Ltd.,a legal-software company with an aggressive acquisition strategy, is raising $500-million in debt and equity, and will use some of the funds to continue adding to its portfolio.
The Toronto-based company will raise $200-million in equity, offering 3.96 million shares at a price of $50.50. The company will also raise $300-million in debt, which is convertible to equity, and is due March 1, 2026. The offering is expected to close on Feb. 23.