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Tag: takeover
Opera agrees takeover by Kunlun, Qihoo for USD 1.2 bln
2016-02-10 08:15:00| Telecompaper Headlines
(Telecompaper) Opera Software has agreed a takeover offer worth USD 1.2 billion from a consortium of Chinese investments. The bidders are led by Golden Brick Silk Road Equity Investment Fund with the partners Beijing Kunlun Tech, Qihoo 360 Software and Yonglian (Yinchuan) Investment. The cash offer of NOK 71 per share is a 56 percent premium on Opera's average share price in the past 30 days and is the result of a strategic review started by the Norwegian company last August. Opera's board has recommended the offer to shareholders, and a number of large shareholders and management holding in total 33 percent of shares have already agreed to accept the takeover offer.
Tags: usd
opera
agrees
takeover
Opera accepts $1.2bn takeover offer from Chinese consortium
2016-02-10 01:00:00| Total Telecom industry news
Browser maker's board unanimously recommends cash bid, reports Q4 revenue growth.
Tags: offer
chinese
opera
accepts
Opera delays results ahead of possible takeover deal
2016-02-09 11:28:00| Telecompaper Headlines
(Telecompaper) Opera Software has delayed the publication of its Q4 and annual results by one day, to 10 February. The announcement follows a suspension in trading of the company's shares in Oslo 08 February. The bourse said the suspension was in anticipation of an announcement by the company. The announcement could concern the software company's ongoing strategic review, which started last August and was extended in December. In August, Opera announced that the company had attracted "strategic interest from a number of parties". According to reports in the Norwegian press, the company may be a takeover target for China's Qihoo 360.
Tags: results
deal
ahead
opera
RCom makes progress with SSTL takeover
2016-02-09 01:00:00| Total Telecom industry news
Indian operator to hold court-convened shareholder meeting on 8 March.
Tags: makes
progress
takeover
makes progress
Canadian Oil Sands overhauls management ahead of Suncor takeover
2016-02-08 20:44:59| Oil & Gas - Topix.net
Canadian Oil Sands Ltd. , on the brink of being taken over by Suncor Energy , has overhauled its senior leadership team and board of directors. Ryan Kubik, who was CEO during the months-long takeover fight, and Donald Lowry, who was board chairman during that time, are no longer on the roster.
Tags: management
oil
ahead
canadian
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