OpenTV Special Committee Rejects Kudelski's Buyout Bid

Interactive TV and advanced advertising technology provider, OpenTV , announced late Tuesday that a special committee of its board of directors has rejected an unsolicited proposal by its largest shareholder, Kudelski (note: the latter has an approximately 27% stake in the company that gives it approximately 75% voting control), to acquire all outstanding shares of OpenTV Class A ordinary stock not already owned by Kudelski. The committee determined that the price of $1.35 per share...