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DYE & DURHAM LTD. $18 is a hold. The company (Toronto symbol DND, Manufacturing & Industry sector; Shares outstanding: 66.9 million; Market cap: $1.2 billion; Dividend yield: 0.4%; Takeover Target Rating: Medium; www.dyedurham.com) is a cloud-based software provider for legal and business professionals. On July 17, 2020, Dye & Durham completed an initial public offering of 17 million shares at $7.50 each. Activist firm Engine Capital, which owns 7.1% of the company, now wants to replace six of Dye & Durham’s seven directors with its own nominees at the annual meeting on December 17, 2024. If it succeeds, it wants Dye & Durham to sell some of its less-important operations to pay down its long-term debt of $1.17 billion (as of September 30, 2024), or a high 98% of its market cap. It could also possibly seek to have the entire company put up for sale. Dye & Durham is a hold. FORTREA HOLDINGS INC. $19 is still a spinoff buy. The company (Nasdaq symbol FTRE; Manufacturing sector; Shares outstanding:…