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Digital Holdings Amends Tender Offer Opinion Amid Competing Bids

Story Highlights
  • Digital Holdings supports Hakuhodo’s tender offer, leaving the decision to shareholders.
  • SilverCape’s competing offer prompts Digital Holdings to introduce response policies.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Digital Holdings Amends Tender Offer Opinion Amid Competing Bids

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Digital Holdings, Inc. ( (JP:2389) ) has shared an announcement.

Digital Holdings, Inc. has announced amendments to its previous opinion on a tender offer by Hakuhodo DY Holdings Inc. The company continues to support the Hakuhodo Tender Offer, leaving the decision to shareholders and stock acquisition rights holders. Meanwhile, SilverCape Investments Limited has announced a competing tender offer, which could result in significant ownership changes. Digital Holdings is introducing response policies to negotiate in good faith and avoid coercion risks for minority shareholders. Hakuhodo has extended its tender offer period to provide shareholders more time for consideration.

The most recent analyst rating on (JP:2389) stock is a Buy with a Yen2583.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.

More about Digital Holdings, Inc.

Average Trading Volume: 248,416

Technical Sentiment Signal: Buy

Current Market Cap: Yen36.19B

Learn more about 2389 stock on TipRanks’ Stock Analysis page.

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