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  1. [verwijderd] 5 oktober 2009 08:41
    Veel te laag bod.

    NEW YORK, 5 oktober (ANP) - De Zwitserse digitale tv-technologie bedrijf De Kudelski Group (KUD.VX) Probeert om de volledige eigendom van OpenTV Corp (OPTV.O) Voor de tweede keer, met een hoger bod waardering van de interactieve tv-software maker op 215 miljoen dollar.

    De deal, gelanceerd op maandag als een all-cash bod, biedt OpenTV aandeelhouders 1,55 dollar per aandeel voor de 108 miljoen uitstaande aandelen Kudelski nog niet eigen

    Succes
  2. [verwijderd] 5 oktober 2009 11:17
    Kudelski Commences Tender Offer to Acquire OpenTV for US$1.55 Per Share in Cash
    17% One-Day Premium Provides Significant Immediate Value to All OpenTV Shareholders

    Press Release
    Source: The Kudelski Group
    On Monday October 5, 2009, 12:59 am EDT
    Buzz up! 0 Print
    Companies:OpenTV Corp.
    CHESEAUX, Switzerland--(BUSINESS WIRE)--The Kudelski Group (SIX: KUD.VX) today announced that its wholly owned subsidiary, Kudelski Interactive Cayman, Ltd., has commenced a tender offer to acquire all outstanding Class A shares of OpenTV Corp. (NASDAQ: OPTV - News) not owned by Kudelski or its subsidiaries for US$1.55 per share in cash. Kudelski’s offer is not conditioned on a minimum number of Class A shares being tendered.

    Related Quotes
    Symbol Price Change
    OPTV 1.33 0.00


    {"s" : "optv","k" : "c10,l10,p20,t10","o" : "","j" : ""} The offer price provides a meaningful premium to recent trading values of the Class A shares and represents:

    a 17% premium to the closing price of the Class A shares of $1.33 on October 2, 2009, the last trading day prior to the date on which the offer was commenced;
    a 17% premium to the average closing price of the Class A shares from June 4, 2009, the day on which Kudelski withdrew its proposal to acquire the outstanding Class A shares of OpenTV not owned by Kudelski or its affiliates at $1.35 per share, up to and including October 2, 2009;
    a 55% premium to the closing price of the Class A shares on February 26, 2009, the last trading day prior to the date of the announcement of Kudelski’s proposal to acquire the outstanding Class A shares of OpenTV not owned by Kudelski or its affiliates at $1.35 per share; and
    a premium of approximately 42% to the enterprise value implied by the closing price of the Class A shares on October 2, 2009, the last trading day prior to the date on which the offer was commenced and a premium of approximately 190% to the enterprise value implied by the closing price of the Class A shares on February 26, 2009, the last trading day prior to the date of the announcement of Kudelski’s proposal to acquire the outstanding Class A shares of OpenTV not owned by Kudelski or its affiliates at $1.35 per share.

    Kudelski said its all cash offer provides OpenTV shareholders immediate liquidity at a superior value to OpenTV’s future prospects, particularly given OpenTV’s 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. In addition to delivering fair value to shareholders of OpenTV, Kudelski believes the combination is in the best interest of OpenTV’s employees, customers and partners because of Kudelski’s commitment to the sustainability of the business and Kudelski’s ability to invest in R&D and growth to ensure OpenTV has a strong future in the context of an intensely competitive environment.

    The tender offer and withdrawal rights are scheduled to expire at 5:00 pm New York City time on Friday, November 6, 2009, unless extended. Kudelski and its subsidiaries currently own approximately 13.4% of OpenTV’s outstanding Class A shares and 100% of OpenTV’s outstanding Class B shares, which together represent approximately 32.3% of the total outstanding shares of OpenTV and 77.2% of the voting power of OpenTV’s shares. Kudelski plans to finance the transaction through a credit facility, as well as from available cash held by Kudelski and its subsidiaries. The commencement and consummation of the tender offer does not require the approval or recommendation of the OpenTV board, and Kudelski has not asked the OpenTV board to approve the tender offer.

    Credit Suisse is acting as financial advisor to Kudelski for the tender offer, and Cooley Godward Kronish LLP is acting as legal counsel to Kudelski in connection with the tender offer.

    For more information, visit www.opentvvalue.com.

    About The Kudelski Group

    The Kudelski Group (SIX: KUD.VX) is a world leader in digital security and convergent media solutions for the delivery of digital and interactive content. Its technologies are used in a wide range of services and applications requiring access control and rights management to secure the revenue of content owners and service providers for digital television and interactive applications across broadcast, broadband and mobile delivery networks. The Kudelski Group is also a world technology leader in the area of access control and management of people or vehicles to sites and events. It additionally offers professional recorders and high-end Hi-Fi products. The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland. Please visit www.nagra.com for more information.

    IMPORTANT INFORMATION

    This communication does not constitute an offer to buy or a solicitation of an offer to sell any securities. Kudelski will file a Tender Offer Statement and Rule 13e-3 Transaction Statement on Schedule TO with the U.S. Securities and Exchange Commission (“SEC”) containing an offer to purchase all of the outstanding Class A shares of OpenTV not owned by Kudelski or its subsidiaries for $1.55 per share. The tender offer is being made solely by means of the offer to purchase, and the exhibits to be filed with respect thereto (including the letter of transmittal), which will contain the full terms and conditions of the tender offer. INVESTORS AND SECURITY HOLDERS OF OPENTV ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. The complete terms, conditions and other details of the tender offer are contained in materials to be filed with the SEC. Shareholders can access these and other materials related to the tender offer at www.opentvvalue.com.

    This communication contains forward-looking statements that involve certain risks and uncertainties that are difficult to predict. These statements are based on current expectations of Kudelski and its affiliates and currently available information. They are not guarantees of future performance and are based upon assumptions as to future events that may not prove to be accurate.

    Contact:
    Investors:Kudelski GroupSantino Rumasuglia, +41-21-732-01-24orMacKenzie PartnersAmy Bilbija / Bob Marese650-798-5206 / 212-929-5500orMedia:Kudelski GroupDaniel Herrera (European media)+41-21-732-01-81orSard Verbinnen & CoAndrew Cole / Diane Henry (US media)415-618-8750
  3. [verwijderd] 5 oktober 2009 11:18
    Kudelski launches tender offer for OpenTV
    Mon Oct 5, 2009 1:00am EDT Email | Print | Share| Reprints | Single Page[-] Text [+]

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    By Anupreeta Das

    NEW YORK, Oct 5 (Reuters) - Swiss digital TV technology company The Kudelski Group (KUD.VX) is trying to take full ownership of OpenTV Corp (OPTV.O) for the second time, with a higher offer valuing the interactive TV software maker at $215 million.

    The deal, launched on Monday as an all-cash tender offer, offers OpenTV shareholders $1.55 per share for the 108 million outstanding shares that Kudelski does not already own.

    The offer represents a 17 percent premium to OpenTV's Friday closing price of $1.33. It expires on Nov. 6.

    It does not require the approval or recommendation of OpenTV's board and is not subject to a financing condition, Kudelski said in a statement.

    In February, Kudelski, which owns 13.4 percent of OpenTV's Class A shares, proposed to buy the remainder for $1.35 per share. But Kudelski withdrew that bid in June after a special committee set up by OpenTV's board rejected it, saying it was inadequate.

    In 2007, Kudelski bought enough Class A and B shares from Liberty Media Corp (LINTA.O) to give it voting control of OpenTV. It owns about 30 million Class B common shares.

    Kudelski Group Chief Executive Andre Kudelski -- who is also executive chairman of the OpenTV board -- and several new members joined the board under the deal, but the two companies operate independently.

    The Swiss company has since said it believes OpenTV is better off combined with Kudelski, which operates complementary businesses.

    Kudelski said its proposal offers better value for OpenTV shareholders because there are challenges to running OpenTV as an independent, publicly traded company. The company believes it can compete better as a combined entity against rivals like privately owned NDS Group Ltd.

    OpenTV's software is built into 133 million digital set-top boxes and televisions worldwide, according to the San Francisco-based company's website.

    Kudelski makes digital security and other products used by companies that provide digital and interactive content.

    (Reporting by Anupreeta Das; Editing by Valerie Lee)

    © Thomson Reuters 2009 All rights reserved

  4. [verwijderd] 5 oktober 2009 11:23
    Het nieuwe bod bevestigt dat mijn keuze om Open Tv afgelopen voorjaar te verkopen, een goede is geweest. Het nieuwe bod is een schande! Mocht het ooit meer worden, dan zijn we misschien nog jaren en jaren verder. Het is begrijpelijk dat mensen uit principe hun stukken op 3,60 willen aanbieden, maar het zal m.i. geen effect hebben. Mijn tip: gooi (wat dit betreft) je principes overboord, neem je verlies, wacht de ontwikkelingen in NL verder af en probeer rond een AEX-stand van 280 wat mooie NL-fondsen op te pakken. Uiteraard heb ik de wijsheid niet in pacht, maar dit is echt een gebed zonder einde. Bah!
  5. forum rang 6 €d_Modus Vivendi 5 oktober 2009 12:15
    het heeft vorige keer ook effect gehad, zeker omdat Discovery zich gesteund voelde door de NL beleggers.
    Het boek ask op 3,60 gaf toen voor hun aan dat hetgeen wij opperden geen loze kreet was van een enkele malloot die het met een lager bod eens zou zijn.
    Ook dit keer zal Discovery weer benaderd worden.
    Je moet dan wel een aantoonbaar aantal stukken kunnen laten zien in het boek.
  6. stot 5 oktober 2009 18:40
    het is feitelijk geen hoger bod , het vorige bod was 1,35 dollar bij een dollar koers van ca 1,24 , nu is het bod 1,55 en staat de euro op 1,46 kortom , je schiet er als open tv belegger al helemaal niets mee op en kudelski is dus ook geen stuiver duurder uit.

    daarnaast zijn er de afgelopen 4 maanden weer miljoenen kastjes geplaatst , en is er gewoon weer winst gemaakt ,zal de cash blijven toenemen,

    waarom wil kudelski nu open tv weer overnemen als men vorige week nog aangaf alle tijd te hebben?

    toen opperde men ook dat de samenwerking met open tv top was , ook dat begrijp ik nu beter , het bestuur van open tv wordt niet gehoord in dit zgn. hogere bod , maar gewoon overlopen

    ik kan me herinneren dat kudelski bij het vorige bod aangaf nooit hoger te gaan omdat 1,35 de werkelijke al te hoge waarde was van open tv , heel geloofwaardig allemaal

    ben benieuwd naar de cijfers en of open tv zelf nog met een verhaal gaat komen??

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