02:39 PM EDT, 10/22/2024 (MT Newswires) -- Dye & Durham Limited ( DYNDF ) was at last look up near 10% on Tuesday as it responded to a media report that it is exploring a sale after receiving takeover interest.

In a statement the company confirms that it has "expanded the scope of its previously commenced strategic review process to consider additional opportunities to enhance shareholder value that may include, but are not limited to, a sale of the company, merger, divestiture of assets, or other strategic transactions."

It added: "There can be no assurance that the strategic review process will result in any transaction or other alternative, nor any assurance as to its outcome or timing. There is no timetable for completion of this process and Dye & Durham ( DYNDF ) does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate."

Price: 18.50, Change: +1.60, Percent Change: +9.47