Nov 20 (Reuters) -

Plantro has made a fresh proposal to acquire Dye & Durham ( DYNDF ), the Canadian legal software maker

said on Friday, a month after the investment firm

withdrew an earlier bid

.

The renewed offer marks the latest escalation in a year-long standoff between the two

sides, which has included clashes over senior management changes and a series of proxy battles.

Plantro, which is controlled by former Dye CEO Matthew Proud, has repeatedly pressed for

strategic shifts at the company.

A Bloomberg report from Thursday said Plantro is offering about C$384 million ($272.28

million) for Dye, adding that it would pay about C$5.72 apiece in cash and notes.

Dye & Durham ( DYNDF ) said its strategic committee, along with external advisers, is reviewing

the new proposal.

Proud stepped down as CEO in November 2024, having led the company since 2016, following

his tenure as CEO of OneMove Technologies, which was merged with Dye & Durham ( DYNDF ).

Plantro, which is second-largest shareholder in Dye & Durham ( DYNDF ), told the board it was ready to

sign a binding agreement immediately without further due diligence and would allow a go-shop

period for rival bids, according to the Bloomberg report.

Reuters could not independently verify the report.

Last month, Plantro said it might cut its 11% stake, citing weak results and a lack of

engagement from Dye & Durham's ( DYNDF ) board.

The company rejected those claims at the time, calling them inaccurate and saying it

remained committed to its strategic review.

($1 = 1.4103 Canadian dollars)