{"id":88231,"date":"2009-10-27T18:53:31","date_gmt":"2009-10-27T10:53:31","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/kudelski-presents-opentv-acquisition-case-to-sec-warns-shareholders\/"},"modified":"2009-10-27T18:53:31","modified_gmt":"2009-10-27T10:53:31","slug":"kudelski-presents-opentv-acquisition-case-to-sec-warns-shareholders","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/kudelski-presents-opentv-acquisition-case-to-sec-warns-shareholders\/","title":{"rendered":"Kudelski Presents OpenTV Acquisition Case to SEC, Warns Shareholders"},"content":{"rendered":"<p>[10-27-09] <strong>The Kudelski Group<\/strong> filed additional presentation materials supporting its offer to acquire <strong>OpenTV Corp.<\/strong> with the <strong>U.S. Securities and Exchange Commission<\/strong> (SEC), Kudelski announced Oct. 26. <br \/>\n&nbsp;&nbsp;&nbsp; Kudelski\u2019s tender offer provides all OpenTV shareholders with exit options and premiums. The company warned shareholders that its offer, announced Oct. 5, is \u201cthe only near-term solution to an otherwise illiquid security, particularly for the larger institutional shareholders,\u201d according to the presentation.<br \/>\n&nbsp;&nbsp;&nbsp; Kudelski also projected that the required investment at OpenTV likely will diminish OpenTV\u2019s profitability and may negatively impact shareholder value in the near term and expects OpenTV will become even more illiquid as a result of the tender offer, which expires Nov. 6.<br \/>\n&nbsp;&nbsp;&nbsp; OpenTV\u2019s board is remaining neutral regarding the tender offer and made recommendations that shareholders make their own decision on the offer based on all available information.&nbsp;<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">Kudelski Steps Up OpenTV Bid<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tOctober 6, 2009<br \/>\n[10-06-09] The Kudelski Group issued a new offer to acquire all outstanding Class A shares of OpenTV, a middleware and interactive services company, for $1.55 per share in cash, Kudelski announced Oct. 5<\/p>\n<p><b class=\"titlelink\">Nagravision Targets Online TV with New Software<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tSeptember 21, 2009<br \/>\nNagravision, a Kudelski Group company, will launch software aimed at offering operators a secure pay-TV solution on the PC, Robin Wilson s Nagravision s vice president of business development, told the IBC E-Daily. <\/p>\n<p><b class=\"titlelink\">Kudelski, Discovery Spar Over Ownership of OpenTV<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tJune 12, 2009<br \/>\n[06-12-09] Discovery Group, the largest independent shareholder of OpenTV, proposed June 9 that OpenTV offer to repurchase Kudelski Group s stake following Kudelski Group s failed attempt to take full ownership of OpenTV. Kudelski\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[10-27-09] The Kudelski Group filed additional presentation materials supporting its offer to acquire OpenTV Corp. with the U.S. Securities and Exchange Commission (SEC), Kudelski announced Oct. 26. &nbsp;&nbsp;&nbsp; Kudelski\u2019s tender offer provides all OpenTV shareholders with exit options and premiums. The company warned shareholders that its offer, announced Oct. 5, is \u201cthe only near-term solution [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-88231","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88231"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=88231"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88231\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=88231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=88231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=88231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}