Digital Hearts Holdings hits limit-up bid as shares surge toward MBO tender offer price of 1,060 yen

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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.

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Sandbox GK (Digital Hearts HD MBO vehicle)i
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MBO vehicle launching tender offer benefits from acquisition