07:17 AM EDT, 05/21/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) over the holiday weekend said it has initiated a substantial issuer bid to buy back for cancellation up to $185 million of its issued and outstanding 3.75% convertible senior unsecured debentures due March 1, 2026.

The offer will expire on June 21, unless extended, varied, or withdrawn.

The offer is being made at a purchase price equal to $900 per $1,000 principal amount of debenture, representing a maximum purchase price of about $166.5 million.