Dye & Durham (DND) ran 18% on confirmation of yet another take-private bid from Plantro, this time at $5.72/share - nearly half the September offer…

… and a quarter of the first $20/share offer in February. The step down in purchase price matches an ~80% YTD drawdown, fueled by concerns over the company’s ability to meet its debt obligations...

… and continued delays on filing results. With the current offer sitting ~80% above Friday’s close, the market isn’t convinced this one goes through… let’s see.

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