- 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.
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