TORONTO, Aug. 26, 2021 /CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that the United Kingdom's Competition and Markets Authority ("CMA") has advised Dye & Durham (UK) Limited ("D&D UK"), a wholly-owned indirect subsidiary of the Company, that the CMA will issue an initial enforcement order against it  in respect of its recent acquisition of TM Group (UK) Limited ("TMG") (the "Transaction"). Specifically, the CMA will be assessing whether the Transaction gives rise to a relevant merger situation for the purposes of Part 3 of the Enterprise Act 2002 (the "Act") and, if so, whether its statutory duty to refer the Transaction to a Phase 2 assessment set out in section 22 of the Act is triggered. The CMA has 4 months from the July 8, 2021, closing of the Transaction, to make such determination, unless such deadline it extended.

The CMA has advised that it will be issuing an Initial Enforcement Order prohibiting certain steps from being taken by D&D (UK) and/or TMG pending such preliminary assessment.

The Company and D&D UK intend to fully cooperate with this CMA assessment.

About Dye & Durham

Dye & Durham Limited is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The Company has operations in Canada, the United Kingdom, Ireland and Australia and has a strong blue-chip customer base that includes law firms, financial service institutions, and government organizations.

Additional information can be found at www.dyedurham.com.

Forward-looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company's current expectations regarding future events, including with respect to the CMA review of the Transaction. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance.

Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the prospectus supplement of the Company dated November 18, 2020 to the short-form base shelf prospectus (including the documents incorporate therein) of the Company dated November 18, 2020. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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