Did he start the rumour to dump the rest of his shares $DND.to?
There was no financing in place from MP for $DND.to? "Dye & Durham confirms that it received an unsolicited, non-binding, conditional and indicative proposal, lacking in any material detail as to its financing, to purchase the Company for $20 per common share."
Dye & Durham receives unsolicited takeover offer for company https://t.co/uJlJHK2Jjb
Akzo Nobel India has accepted a binding offer from its parent company to sell its powder coatings business and R&D center for ₹2,143 crore. This move has drawn attention in the market, with Akzo Nobel shares experiencing gains following the announcement. The deal underscores the company's strategic focus on its core operations, particularly in the coatings sector, which includes the well-known Dulux brand. In a separate development, Dye & Durham has confirmed receipt of an unsolicited proposal to acquire the company at $20 per share, although it is not currently in negotiations with any third party regarding the offer. The proposal is characterized as non-binding and lacks detailed financing information.
