B. Riley Begins Tender Offer For 2M ADS Of DoubleDown Interactive

September 23, 2021 12:22 PM | 1 min read | Make a Comment

B. Riley Financial, Inc RILY, via a subsidiary, B. Riley Securities, Inc, began its previously announced cash tender offer to purchase up to 2 million ADS of digital social casino game company DoubleDown Interactive Co, Ltd DDI.
Each ADS represented 0.05 of a share of DDI and is priced at $18 per ADS.
B. Riley attributes its increment investment calling current market value for the ADS is not reflective of DDI's value.
Price Action: DDI shares traded higher by 0.90% at $17.31 on the last check Thursday.