Four Tree Island Advisory, a major shareholder of DoubleDown Interactive (DDI), has called on the special committee of DDI's board to reject controlling shareholder DoubleU Games' takeover proposal of $11.25 per ADS. The advisory argues the offer significantly undervalues the company, assigning little to no value to DDI's operating business despite improved EBITDA and strategic acquisitions since 2021. They highlight that DoubleU Games' previous acquisitions valued DDI much higher, and the current offer benefits DoubleU Games disproportionately by cutting public company expenses without sharing savings with minority shareholders. Four Tree Island Advisory urges an independent appraisal to ensure any proposal fairly reflects DDI's intrinsic value and encourages minority shareholders to voice their concerns.
Verra Mobility shares dropped 41.2% in after-hours trading following Avis Budget Group's termination of their contract effective September 2026. This contract loss could reduce Verra's annual Commercial Services revenue by $135-$145 million and segme...
Netcapital Inc. shares surged 19.63% in after-hours trading following the announcement of a business update conference call scheduled for Thursday. The new CEO, Todd Violette, will discuss the company's transformation, priorities, and plans to grow i...
ISS has secured a seven-year contract with West Sussex County Council to deliver around 25,000 nutritious school meals daily to primary schools starting Q3 2026. The contract, valued at about DKK 100 million annually, emphasizes inclusivity and high ...
TGS ASA has secured a large 4D streamer contract offshore Angola, set to begin data acquisition in early July 2026 and last about eight months. This contract strengthens TGS's strategic presence in Africa and ensures vessel utilization into early 202...
Roche has introduced the Liver Disease Panel, the first comprehensive set of certified algorithms designed to improve the detection and management of chronic liver disease (CLD). This panel includes LiverPRO, an algorithm that uses routine blood mark...
