By Adriano MarcheseDye & Durham shares were lower Thursday morning after the company said it intends to raise 126 million Canadian dollars ($93.3 million) by way of a bought deal offering of its shares to pay down debts. Shares have been under pressure in 2024, down nearly 11% so far in the year and nearly 36% over the last 12 months. Dye & Durham said the offering is part of its goal to delever the business. ET because it incorrectly said Dye & Durham shares were down nearly 11% so far in 2023. Dye & Durham shares have been under pressure in 2024, down nearly 11% so far in the year and nearly 36% over the last 12 months.

Source: Wall Street Journal January 19, 2024 04:44 UTC