Nippon Telegraph Plans $20.9 Billion Acquisition of NTT Data Stake

Reported 1 day ago

Japan's Nippon Telegraph (NTT) is considering a $20.9 billion tender offer to acquire the remaining shares of NTT Data, which it currently owns 57.7% of. The acquisition, expected to be announced soon, includes a premium on shares and will result in NTT Data being delisted from the Tokyo Stock Exchange.

Source: YAHOO

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