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General

Optiva gets financing to start redeeming shares, receives preliminary offer of interest

Monday 29 June 2020 | 11:29 CET | News
Optiva said that three of the independent directors on its board of directors are in talks to finance the redemption of all of the company´s outstanding preferred shares. The holder of these shares, ESW Capital, has said it wants to replace its nominees to the board of directors but this move has been rejected by the independent directors, which said the nominees are in relationship with ESW affiliate ZephyrTel, which is a competitor of Optiva. In a letter to the board, ESW said it could also be interested in acquiring all of Optiva's subordinate voting shares. In general, ESW said it will

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Categories: General
Companies: Optiva
Countries: World
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