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Article: Kudelski Group Issues Letter to OpenTV Shareholders.
- Article from:
- Electronics Newsweekly
- Article date:
- November 11, 2009
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The Kudelski Group (SIX: KUD.VX) issued a letter to OpenTV Corp. (NASDAQ: OPTV) shareholders regarding the tender offer commenced by Kudelski on October 5, 2009 to acquire all outstanding Class A shares of OpenTV not already owned by Kudelski or its subsidiaries for US$1.55 per share in cash, implying a total equity value of at least US$215 million1. The text of the letter is available now at www.opentvvalue.com and is being mailed to OpenTV shareholders.
Kudelski today also announced that it has eliminated the condition to its obligation to accept shares in the tender offer relating to the receipt of sufficient proceeds under the credit facility described in its ...