Four Tree Island Advisory, a top-10 shareholder of DoubleDown (DDI) Interactive Co. based on public information, called on the special committee of DDI’s board of directors to reject DoubleU Games’ proposal to acquire the remaining publicly held ADSs for $11.25 per ADS, stating “we believe the proposed transaction materially undervalues DDI and fails to reflect both the Company’s current operating performance and its forward earnings power.”
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