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Article: Kudelski Group Announces Extension of Tender Offer to Acquire OpenTV for US$1.55 Per Share in Cash.
- Article from:
- Electronics Newsweekly
- Article date:
- November 18, 2009
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The Kudelski Group (SIX: KUD.VX) announced that it has extended the expiration date of its tender offer to acquire all outstanding Class A shares of OpenTV Corp. (NASDAQ: OPTV) not already owned by Kudelski or its subsidiaries for US$1.55 per share in cash. The tender offer, which commenced on October 5, 2009, and related withdrawal rights are now scheduled to expire at 11:00 pm New York City time on Thursday, November 12, 2009. The tender offer was previously scheduled to expire on November 6, 2009.
Kudelski decided to extend the expiration date to provide OpenTV shareholders ample time to consider all the relevant information disseminated since the commencement ...