Dye & Durham (DND) was up 4% on its $146M divestiture of Credas Technologies, a UK-based provider of identity verification and AML solutions. While it will shed some top-line growth in the UK…

… the deal is initial proof the company is refocusing, pausing M&A and selling non-core assets - with all proceeds going towards leverage reduction.

With the stock cut in half this year amid continued activism, investors are waiting for more evidence before warming up to the story.