07:51 AM EDT, 09/25/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) shareholder Engine Capital said on Wednesday that the special shareholders' meeting it had requested is no longer necessary after the company's decision to "unduly delay" the gathering to Dec. 10, less than two weeks before the scheduled annual general meeting.

In March, Engine requested a special meeting so shareholders could vote on key issues. Dye & Durham's ( DYNDF ) litigation with a shareholder, OneMove, that concluded last week led to an initial delay. The board then chose to further delay the special meeting by almost three months to the mid-December date, Engine Capital said.

"While we would have preferred the special meeting to have been held in a timely manner, in light of the significant delay and redundant cost that would be borne by shareholders, we no longer find the Special Meeting necessary or advisable," Engine Capital said in a release.