[Satellite TODAY 11-04-09] The Kudelski Group extended the expiration date of its tender offer to acquire OpenTV Corp. to Nov. 12, Kudelski announced.
    The $215 million acquisition offer, initially announced Oct. 5, was set to expire Nov. 6.
    Kudelski, which has been aggressively campaigning to convince OpenTV shareholders to approve the offer, decided to extend the expiration date to provide shareholders ample time to consider its decision after OpenTV announced its third quarter results on Nov. 3., showing company losses.
    OpenTV investor Arcadia Capital Advisors has been critical of Kudelski’s offer, releasing a statement that it believes the bid is not high enough on Nov. 2.