[Satellite TODAY 10-27-09] The Kudelski Group filed additional presentation materials supporting its offer to acquire OpenTV Corp. with the U.S. Securities and Exchange Commission (SEC), Kudelski announced Oct. 26.
    Kudelski’s tender offer provides all OpenTV shareholders with exit options and premiums. The company warned shareholders that its offer, announced Oct. 5, is “the only near-term solution to an otherwise illiquid security, particularly for the larger institutional shareholders,” according to the presentation.
    Kudelski also projected that the required investment at OpenTV likely will diminish OpenTV’s profitability and may negatively impact shareholder value in the near term and expects OpenTV will become even more illiquid as a result of the tender offer, which expires Nov. 6.
    OpenTV’s board is remaining neutral regarding the tender offer and made recommendations that shareholders make their own decision on the offer based on all available information. 

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