07:23 AM EDT, 07/30/2025 (MT Newswires) -- Dye & Durham ( DYNDF ) , a provider of cloud-based legal practice management software, overnight Tuesday said its board initiated a review of strategic alternatives that may include a sale of the company, asset sales, recapitalizations or a merger.

The company also signed a cooperation agreement with Plantro under which Plantro will withdraw its special meeting requisition and David Danziger will be appointed to the board.

Danziger will also join and serve as chair of a newly formed special committee tasked with leading the strategic review. The agreement also contains customary standstill provisions and voting commitments.

"Over the past several weeks, the Board has engaged with shareholders to carefully consider Dye & Durham's ( DYNDF ) next steps," said Dye & Durham's ( DYNDF ) Board Chair, Arnaud Ajdler. "We appreciate the constructive and pragmatic engagement that we have had with Plantro and Matt Proud toward our shared goal of enhancing value for the Company's shareholders, and we are pleased to have reached a resolution. We welcome David, whose M&A and accounting expertise and significant public company director experience will be incredibly additive."