Dye & Durham Limited (TSX:DND) shares jumped on November 13, 2023 morning after the company said it is launching a strategic review that may include the sale of certain noncore assets. The Canadian cloud-based software company said it has begun a strategic review of its noncore assets with the aim of significantly expediting its plans to reduce its leverage ratio. The move is part of Dye & Durham's reversal of plans to pursue debt reduction instead of more mergers and acquisitions.

The company said the strategic review will consider a number of options to generate additional capital to bring down debt levels, including the potential partial or complete sale of assets not considered part of its core business, such as the company's financial services business, among others.