A management-led shareholder group offered to acquire Dye & Durham, a provider of cloud-based software and technology solutions, for $2.8bn The deal would result in Dye & Durham being taken private at c. 23% premium to the current market value. Dye & Durham board of directors has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. The alternatives to be explored in connection with the strategic process could include, among other things, the sale of part or all of the company, a sale of some of the assets of the company, a merger or other business combination with another party, or other strategic transactions.