DoubleDown Buyout Spread Draws Attention
DoubleDown Interactive Co., Ltd. shares barely moved in U.S. premarket trading Tuesday. The stock stayed above the all-cash offer from DoubleU Games, its controlling shareholder, which has set the reference point for recent trading. ADSs closed at $11.75, gaining 5 cents, or 0.4%. Shares are now about 50 cents above DoubleU Games’ $11.25-per-ADS offer, leaving a narrow gap as investors keep an eye on the company’s special committee.