Japan’s NTT has announced it is in the process of buying all shares of South African IT firm Dimension Data following the expiry of the six-week compulsory acquisition period.
Last July, NTT launched an offer to buy Dimension Data for GBP2.1bn or 1.2…
Japan’s NTT has announced it is in the process of buying all shares of South African IT firm Dimension Data following the expiry of the six-week compulsory acquisition period.
Last July, NTT launched an offer to buy Dimension Data for GBP2.1bn or 1.2 pence per share. It said it would finance the acquisition by existing cash resources and loan facilities arranged by the Bank of Tokyo-Mitsubishi UFJ.
The Japanese company is advised by Morgan Stanley, while Dimension Data is advised by JP Morgan.
The delisting of the company will take place on December 14.
