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Article: Kudelski Group Comments On Arcadia Capital's Misleading and Inaccurate Letter.
- Article from:
- Journal of Technology
- Article date:
- November 17, 2009
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The Kudelski Group (SIX: KUD.VX) today commented on a letter issued to OpenTV Corp. (NASDAQ: OPTV) shareholders by Arcadia Capital Advisors, LLC, a short-term opportunistic shareholder, regarding the tender offer commenced by Kudelski on October 5, 2009 to acquire all outstanding Class A shares of OpenTV Corp. 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.
Kudelski encourages OpenTV shareholders to disregard inaccurate and misleading statements recently made by Arcadia and reserves its specific commentary on and rebuttals of such letter for a later time. Arcadia's ...