“We wrote an open letter ... tender offer price was at 6,700 ... I felt fair value was at least 30,000 Korean won per share ... zero shares were tendered ... controlling shareholders then pursued enhancing corporate value”

Ryan Albert · The Acquirers Podcast · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan Albert

Play from 15:33
15:33

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What was described

Wrote and published open letters to Golf Zone Holdings' board highlighting disclosure and fairness issues, then shared them publicly to pressure the board during a tender offer

Tender offer price 6,700 KRW vs fair value estimate 30,000 KRW; controlling shareholders reached 85% of 90% threshold before second offer

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