Swiss-based technology firm Kudelski has made a new attempt at acquiring interactive TV specialist OpenTV.
Kudelski, which already owns a significant stake in OpenTV, offered US$1.55 (1.06) for the remaining shares in the company that it does not already own. That figure is 17% higher than the closing price of OpenTVÂs shares on October 2, when they were worth US$1.33. It is also higher than the US$1.35 per share it offered in June.
Kudelski said its all-cash offer provides OpenTV shareholders Âimmediate liquidityÂ at a Âsuperior valueÂ to the companyÂs future prospects, Âparticularly given OpenTVÂs current scale and R&D challenges and the significant amount of new investment required for OpenTV to remain competitive as a standalone, publicly-traded company.ÂÂ
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23 July 2021 @ 14:00:00 UTC
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