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optibase-holdings.com

Stage

Unattributed VC | Alive

About Optibase

Optibase isa market leader in advanced video over IP solutions, specializing in video encoding, decoding and streaming for government and law-enforcement agencies, military bases, Telco operators, enterprise organizationsOptibase is a broadcast service providers.

Optibase Headquarter Location

8 Hamenofim Street P.O. Box 2170

Herzliya, 4612003,

Israel

+972-73-707-3700

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Optibase Patents

Optibase has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/23/2009

10/16/2012

Video on demand services, Internet television, Video codecs, Video hosting, Computer memory

Grant

Application Date

2/23/2009

Grant Date

10/16/2012

Title

Related Topics

Video on demand services, Internet television, Video codecs, Video hosting, Computer memory

Status

Grant

Latest Optibase News

The Capri Family Foundation Files Updated Fairness Opinion, Extends Expiration Date of its Tender Offer for Shares of Optibase Ltd. (Nasdaq: OBAS)

Feb 23, 2022

. (Nasdaq: OBAS) USA - English Share this article Share this article TEL AVIV, Israel, Feb. 23, 2022 /PRNewswire/ -- The Capri Family Foundation ("Capri") announced today that it had received an updated fairness opinion of its financial advisor, MNS Consulting Ltd. ("MNS Consulting"), in connection with its tender offer to purchase 941,942 ordinary shares of Optibase Ltd. ("Optibase") (Nasdaq: OBAS ) (TASE: OBAS). Capri commenced the tender offer on February 15, 2022 and increased its offer price, to $12.64 per share, on February 18, 2022. In the fairness opinion, MNS Consulting stated that, subject to terms and conditions set out therein, the increased offer price, $12.64 per share, is fair, from a financial point of view, to the holders of Optibase shares who are not affiliated with Optibase. Capri also announced that it had extended the expiration date of the tender offer to 10:00 a.m., New York time (5:00 p.m. Israel time), on March 22, 2022, unless further extended by Capri. The complete terms and conditions of the tender offer, including important U.S. and Israeli income and withholding tax considerations relating to the tender offer, are contained in the Offer to Purchase included as an exhibit to the Tender Offer Statement on Schedule TO filed with the U.S. Securities and Exchange Commission (the "SEC") and with the Israel Securities Authority ("ISA"). Capri is amending the Schedule TO today to add the updated fairness opinion of MNS Consulting as an exhibit and to update other matters that relate to the increased offer price and the new expiration date. American Stock Transfer & Trust Company is the U.S Depositary for the offer and Israel Brokerage & Investments - I.B.I. - Ltd. is the Israeli Depositary for the offer. Important Information: This is not an offer to buy or the solicitation of an offer to sell any ordinary shares of Optibase. The tender offer that is described in this press release is only being made through the Offer to Purchase, Letter of Transmittal and related tender offer documents. All shareholders of Optibase should read the tender offer materials which have been filed by Capri. Shareholders of Optibase should read the tender offer materials because they contain important information about the tender offer. The tender offer materials and other filed documents are available at no charge on the SEC's website at http://www.sec.gov and on the ISA's website at http://www.magna.isa.gov.il , and also are available without charge to all shareholders by contacting D.F. King & Co., Inc., the information agent for the tender offer, at (800) 829-6554 or (212) 269-5550 (banks and brokers). Shareholders are urged to read these materials carefully before making any decision with respect to the tender offer. Forward-Looking Statements: This press release may contain forward-looking statements. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, political events and fluctuations in the share price of Optibase. These statements are based on information available at the time of the press release and Capri undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise (except as required by law). About Capri: Capri is a foundation organized under the laws of the Republic of Panama. The Information Agent in the offer is: D.F. King & Co., Inc. New York, NY 10005

  • Where is Optibase's headquarters?

    Optibase's headquarters is located at 8 Hamenofim Street, Herzliya.

  • What is Optibase's latest funding round?

    Optibase's latest funding round is Unattributed VC.

  • Who are the investors of Optibase?

    Investors of Optibase include Pitango Venture Capital.

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