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Tender offer at 1,060 yen drives stock toward that price
Buy orders flooded into Digital Hearts Holdings from the morning, pinning the stock at a limit-up bid. The previous day, August 6, the company announced that Sandbox, wholly owned by Chairman Miyazawa, would launch a tender offer for the company's shares as part of a management buyout, and the stock is now surging toward the tender offer price of 1,060 yen.
Tender offer at 1,060 yen drives stock toward that price
MBO vehicle launching tender offer benefits from acquisition