'DoCoMo lowers minimum acceptance level for Net offer to 50%'
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
Share
TMCnews
[October 27, 2009]

'DoCoMo lowers minimum acceptance level for Net offer to 50%'

(DMeurope Via Acquire Media NewsEdge) DoCoMo Deutschland, wholly-owned subsidiary of Japanese mobile operator NTT DoCoMo, has reduced the minimum acceptance level for its public tender offer for German mobile content distributor Net Mobile to 50 percent plus one share of the currently issued 7.69 million Net Mobile shares. As of 23 October, a total of 45.05 percent of Net Mobile shares have been validly tendered to Docomo Deutschland. In accordance with the offer document, the acceptance period for the offer has been extended until 9 November. The offer was previously scheduled to expire 26 October. Net Mobile shareholders can tender their shares at the same price of EUR 6.35 in cash for each share in accordance with the offer. DoCoMo Deutschland also recently obtained antitrust clearance for its public tender offer for Net Mobile by the German Cartel Office. The transaction was also cleared by the German Ministry of Economy and Technology. Clearance from banking supervisor BaFin is still pending.



((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2009 M2 COMMUNICATIONS

[ Back To TMCnet.com's Homepage ]




Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
Featured White Papers
Top Stories
Related VoIP News

Today @ TMC
Subscribe FREE to all of TMC's monthly magazines. Click here now.