(Reuters) -Plantro has made a fresh proposal to acquire Dye & Durham, the Canadian legal software maker said on Friday, a month after the investment firm withdrew an earlier bid.
The renewed offer marks the latest escalation in a year-long standoff between the two sides, which has included clashes over senior management changes and a series of proxy battles.
Plantro, which is controlled by former Dye CEO Matthew Proud, has repeatedly pressed for strategic shifts at the company.
A Bloomberg report from Thursday said Plantro is offering about C$384 million ($272.28 million) for Dye, adding that it would pay about C$5.72 apiece in cash and notes.
Dye & Durham said its strategic committee, along with external advisers, is reviewing the new proposal.
Proud stepped down as CEO in November 2

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