(Reuters) - Openwave, which also declared a special $100 million cash
dividend, said the offer was inadequate and not in the best
interests of the company and its stockholders.
Last month, the investor group that owns 13 percent of the
company's shares offered to boost its stake by buying another
49 percent of outstanding shares for about $335 million, or
$8.30 per share.
Read more at Reuters.com Mergers News
dividend, said the offer was inadequate and not in the best
interests of the company and its stockholders.
Last month, the investor group that owns 13 percent of the
company's shares offered to boost its stake by buying another
49 percent of outstanding shares for about $335 million, or
$8.30 per share.
Read more at Reuters.com Mergers News
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