REDDIT
I heard in today's earnings call that Dye and Durham $DND stock is nearing the sale of their business in the coming days as part of their strategic review. Analysts are expecting around 5$-7$ per share as part of their deal. Is it true?
DND earnings call today
One important caution: the release says Q3 accounting adjustments led the CEO and CFO to conclude that internal controls over financial reporting were not effective at June 30. The company says the corrections did not change Q3 revenue, operating cash flow, adjusted EBITDA, or its ongoing cash position, but the control finding remains material for anyone assessing a potential transaction.