Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update Kudelski is making a tender offer to buy the remaining shares at General Satellite News forum; Kudelski is making a tender offer to buy the remaining shares Kudelski is making a tender offer to buy the ...

Reply
 
LinkBack Thread Tools Display Modes
Update Kudelski is making a tender offer to buy the remaining shares
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,016

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 91673
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 35
Update Kudelski is making a tender offer to buy the remaining shares - 05-October-2009, 13:00

Kudelski is making a tender offer to buy the remaining shares


Kudelski is making a tender offer to buy the remaining shares in middleware subsidiary Open TV. It is bidding $1.55 a share which is a 17% premium over the $1.33 price of October 2, and an appealing 55% premium to the price prior to Kudelskis last attempt to mop up stock. .

Kudelski tried a similar strategy before, but this fresh bid, besides being worth more cash to shareholders, is good for one day only November 6, when the offer will expire at 5pm New York time.
The tender offer bypasses OpenTVs board. The bid is worth about $167m
Kudelski says it plans to finance the transaction through a credit facility, as well as from available cash held by Kudelski and its subsidiaries. The commencement and consummation of the tender offer does not require the approval or recommendation of the OpenTV board, and Kudelski has not asked the OpenTV board to approve or support the tender offer.

Kudelski and its subsidiaries currently own approximately 13.4% of OpenTVs outstanding Class A shares and 100% of OpenTVs outstanding Class B shares, which together represent approximately 32.3% of the total outstanding shares of OpenTV and 77.2% of the voting power of OpenTVs shares.


Regards,

www.eurocardsharing.com
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox