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Opera Software ASA (OPERA.OL)

OPERA.OL on Oslo Stock Exchange

36.10NOK
10:25am EST
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Latest Key Developments (Source: Significant Developments)

Opera Software bid acceptance rate rises to 89 pct
Tuesday, 24 May 2016 09:38am EDT 

Opera Software : A total of around 89 percent of shareholders have said they accept the takeover bid from a Chinese consortium by Tuesday's 1430 GMT deadline . This includes the shares comprised by pre-acceptances . Unless the offeror has received acceptances from shareholders representing more than 90 pct of the shares by the end of the offer period, the offer will lapse . The Offer Period will expire today at 16.30 (CET) and cannot be extended any further .The consortium behind the takeover bid includes Chinese firms Qihoo 360 Technology Co Ltd and Beijing Kunlun Tech Co <300418.SZ>.  Full Article

Opera Software bid acceptance rate rises to 84 pct
Tuesday, 24 May 2016 03:50am EDT 

Opera Software : A total of 84 percent of shareholders have said they either accept the bid or will accept the bid by Tuesday's 1430 GMT deadline . The consortium bidding for the firm has received acceptances from shareholders representing 81.1 pct of the shares . In addition, shareholders representing 2.9 pct of the shares in the Company will be tendered before the expiry of the offer period . The offer period will expire today at 16.30 CET . Unless the offeror has received acceptances from shareholders representing more than 90 pct of the shares by the end of the offer period, the offer will lapse . The consortium behind the takeover bid includes Chinese firms Qihoo 360 Technology Co Ltd and Beijing Kunlun Tech Co <300418.SZ> Further company coverage: [OPERA.OL] (Reporting By Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Opera Software says Chinese consortium offer received acceptance from 72.7 pct of shareholders
Thursday, 19 May 2016 10:10am EDT 

Opera Software says: Period for offer will expire on Tuesday May 24 2016 at 16.30 CET (1430 GMT) . There will be no further extensions to offer period. . As of May 19, offeror has received acceptances of offer from shareholders representing 72.7 percent . Unless the offeror has received from shareholders representing more than 90 percent of the shares in the company by the end of the offer period, the offer will lapse . Offeror hereby announces that said minimum acceptance condition will not be waived .Offeror is confident that offer will be completed if minimum acceptance condition is satisfied.  Full Article

Opera Software posts better-than-expected Q1 revenues
Wednesday, 11 May 2016 01:22am EDT 

Opera Software : Q1 revenues $163.5 million (Reuters poll $156 million) . Q1 adjusted EBITDA $17.9 million vs guidance of $14-18 million . Q1 net result -$17.1 million (Reuters poll -$3.22 million) . Sees Q2 revenues at between $166 million to $174 million . Sees Q2 adjusted EBITDA in range of $20 million to $24 million . Sees 2016 revenues at range of $690 million to $740 million (Reuters poll $715 million) .Sees 2016 adjusted EBITDA at $100 million to $125 million vs previous forecast $100-125 million.  Full Article

U.S. authorities approve Chinese consortium's bid for Norway 's Opera
Thursday, 28 Apr 2016 09:20am EDT 

Opera Software ASA:Consortium seeking to buy Opera Software says filing with Committee on Foreign Investment in United States ("CFIUS") has been accepted.The deal needs to be approved by Chinese authorities still.  Full Article

Opera Software's chief financial officer/chief strategy officer resigns
Monday, 18 Apr 2016 02:00am EDT 

Opera Software ASA:Says that Erik C. Harrell, chief financial officer and chief strategy officer, has tendered his resignation, informing the company that he plans to pursue professional opportunities outside the company.Says Harrell's resignation as CFO/CSO is effective from April 15.  Full Article

Opera Software ASA: Adviser Carnegie says Chinese takeover bid is "fair"
Tuesday, 29 Mar 2016 02:25am EDT 

Opera Software ASA:In connection with the voluntary public offer by Kunqi to acquire all the issued and outstanding shares of Opera Software, the Board of Directors of Opera has retained Carnegie AS to prepare an independent valuation and statement.Carnegie says is of opinion that offer is fair from a financial point of view.Carnegie's opinion is based on both assessment of Offer Price and fact that company has conducted structured process to evaluate strategic opportunities providing potential interested parties opportunity to indicate their interest in company.A group of Chinese internet firms have made a cash offer for the Norwegian mobile phone browser and advertising firm, valuing it at $1.23 billion.  Full Article

Opera Software ASA in talks to divest TV business, will not impact offer
Tuesday, 15 Mar 2016 03:00am EDT 

Opera Software ASA:Opera Software has for some time been in discussions to divest TV business, in order for the TV business to achieve full potential under a different ownership structure.No agreement has been made nor is certain to be made. Opera will update the market in due course.The process has been run as part of the broader strategic review.A potential divestment of tv business will be completed on terms not impacting voluntary offer.​.  Full Article

Opera Software gives guidance on FY 2016
Wednesday, 10 Feb 2016 12:00am EST 

Opera Software ASA:Says ‍revenue for FY 2016 is projected to be in range of $690 million to $740 million.Adjusted EBITDA for FY 2016 is projected to be in range of $100 million to $125 million ​.  Full Article

Opera Software recommends offer from Chinese consortium
Wednesday, 10 Feb 2016 12:00am EST 

Opera Software ASA:Says Golden Brick will launch, through directly or indirectly wholly owned special purpose vehicle, a recommended voluntary cash offer for 100 pct of the shares of Opera.Says has received a voluntary offer for all outstanding shares at 71.00 Norwegian crowns per share‍​.Says the offer price represents a premium of about 56 pct to the volume weighted average share price for the last 30 trading days‍​.Says the offer values the total share capital of Opera at about 10.5 billion crowns on a fully diluted basis.Says the board of directors of opera has unanimously decided to recommend the company's shareholders to accept the offer.Says larger shareholders representing about 33 pct of the shares, the members of the executive team and the board holding shares have undertaken to accept the offer.  Full Article

More From Around the Web

Opera Software to develop remaining business rather than sell: CEO

OSLO Norway's Opera Software remains focused on developing its remaining business units rather than selling more, its chief executive said following the divestment of its TV business on Tuesday.