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Latest Satellite News Discussion, Update Kudelski wants all of Open TV at General Satellite News forum; Kudelski wants all of Open TV 01-03-2009 Conditional access specialist Nagra Kudelski is mounting a take-over bid for middleware company ...

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Update Kudelski wants all of Open TV - 01-March-2009, 12:50

Kudelski wants all of Open TV

01-03-2009

Conditional access specialist Nagra Kudelski is mounting a take-over bid for middleware company Open TV. Kudelski already has voting control, but not economic control.


Andre Kudeslki, CEO at Nagra, says his company is offering minority shareholders a total of US$127m (99.6m) for their shares, an impressive premium of some 35% over Open TVs Feb 26 closing price.

Open TVs Board will now consider the bid, but most observers expect it to be approved.
   
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