- B. Riley Financial, Inc RILY will initiate a cash tender offer through its subsidiary to acquire 2 million ADSs of digital social casino games developer DoubleDown Interactive DDI.
- Each ADS represented 0.05 of a share of DDI, at $18 per ADS.
- B. Riley Securities was the sole bookrunner for DDI's August IPO.
- B. Riley held $2 billion in cash and equivalents as of June 30.
- Price Action: DDI shares traded higher by 3.66% at $16.69 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
