(Reuters) - The restructuring comes as Harbinger Capital Partners on
Thursday reduced its partial tender offer to acquire control of
Openwave to $7.10 per share to reflect a special dividend the
company said it approved this week. The hedge fund group also
extended its partial tender offer to June 21.
Earlier this week, Openwave rejected the unsolicited
partial tender offer, saying it was inadequate and not in the
best interests of the company and its stockholders. Openwave
also declared a special $100 million cash dividend.
Read more at Reuters.com Mergers News
Thursday reduced its partial tender offer to acquire control of
Openwave to $7.10 per share to reflect a special dividend the
company said it approved this week. The hedge fund group also
extended its partial tender offer to June 21.
Earlier this week, Openwave rejected the unsolicited
partial tender offer, saying it was inadequate and not in the
best interests of the company and its stockholders. Openwave
also declared a special $100 million cash dividend.
Read more at Reuters.com Mergers News
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