{"id":3420,"date":"2020-09-22T14:55:10","date_gmt":"2020-09-22T14:55:10","guid":{"rendered":"https:\/\/dyedurham.com\/?p=3420"},"modified":"2025-12-09T04:53:23","modified_gmt":"2025-12-09T09:53:23","slug":"announces-c53-million-acquisition-of-property-information-exchange","status":"publish","type":"post","link":"https:\/\/dyedurham.com\/announces-c53-million-acquisition-of-property-information-exchange\/","title":{"rendered":"Acquisition of PIE Ltd. (C$53M) | Dye &#038; Durham"},"content":{"rendered":"<p>Dye &amp; Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that it has entered into an agreement to acquire Property Information Exchange Ltd. (&#8220;<b>PIE<\/b>&#8220;), for approximately \u00a331.0 million (approximately\u00a0<span class=\"xn-money\">C$52.9 million<\/span><sup>1<\/sup>) (the &#8220;<b>Acquisition<\/b>&#8220;) and that it has entered into an agreement with Canaccord Genuity Corp. (&#8220;<b>Canaccord<\/b>&#8220;) to issue, on a bought deal private placement basis, 2,381,621 common shares of the Company (the &#8220;<b>Shares<\/b>&#8220;) at a price of\u00a0<span class=\"xn-money\">$21<\/span>\u00a0per Share (the &#8220;<b>Offering Price<\/b>&#8220;) for aggregate gross proceeds to the Company of\u00a0<span class=\"xn-money\">$50,014,041<\/span>\u00a0(the &#8220;<b>Treasury<\/b>\u00a0<b>Offering<\/b>&#8220;).<\/p>\n<p>PIE is an innovative technology company that operates under the trade name &#8220;poweredbypie&#8221; and offers cloud-based real estate due diligence products in the\u00a0<span class=\"xn-location\">United Kingdom<\/span>\u00a0that significantly expands the Company&#8217;s footprint.<\/p>\n<p><a href=\"https:\/\/www.newswire.ca\/news-releases\/dye-amp-durham-limited-announces-c-53-million-acquisition-of-property-information-exchange-ltd-and-c-50-million-bought-deal-private-placement-financing-848818554.html\" target=\"_blank\" rel=\"noopener\">Read full Press Release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dye &amp; Durham a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today that it has entered&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[12],"class_list":["post-3420","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Acquisition of PIE Ltd. (C$53M) | Dye &amp; Durham<\/title>\n<meta name=\"description\" content=\"Dye &amp; Durham announced today that it has entered into an agreement to acquire Property Information Exchange.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dyedurham.com\/announces-c53-million-acquisition-of-property-information-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acquisition of PIE Ltd. 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