NPN Nippon Tel.& T.

 

TIDMNPN TIDMDDT 
 
RNS Number : 3341T 
Nippon Telegraph and Telephone Corp 
27 September 2010 
 
Not for release, publication or distribution, in whole or part, in, into or from 
  any jurisdiction where to do so would constitute a violation of the relevant 
                            laws in that jurisdiction 
                                27 September 2010 
 
                             Recommended Cash Offer 
                                      for 
                 Dimension Data Holdings plc ("Dimension Data") 
                                       by 
               Nippon Telegraph and Telephone Corporation ("NTT") 
                            Satisfaction of Condition 
On 12 August 2010, NTT and Dimension Data announced the publication of the offer 
documentation in connection with the recommended cash Offer by NTT for the 
entire issued and to be issued share capital of Dimension Data. 
NTT and Dimension Data are pleased to announce that they have obtained 
confirmation from the Committee on Foreign Investment in the United States 
("CFIUS") that there are no unresolved US national security concerns with 
respect to the Offer, and that CFIUS has concluded its review of the Offer on 
that basis. Accordingly the related CFIUS condition to the Offer has been 
satisfied. 
At the time of publication of the Offer Document, the Offer was conditional upon 
a number of regulatory clearances. All these regulatory clearances have now been 
received. 
This follows (i) the expiration of the applicable waiting period under the 
United States Hart-Scott-Rodino Antitrust Improvements Act of 1976 (as amended) 
announced by NTT and Dimension Data on 12 August 2010, (ii) the necessary 
antitrust clearance from the European Commission announced by NTT and Dimension 
Data on 19 August 2010, (iii) the notification from the Foreign Investment 
Review Board that there are no objections to the Offer under Australia's foreign 
investment policy announced by NTT and Dimension Data on 19 August 2010, (iv) 
the approval of the Offer by the Exchange Control Department of the South 
African Reserve Bank and the South African Minister of Finance announced by NTT 
and Dimension Data on 26 August 2010 (v) the approval of the Offer by the South 
African Competition Tribunal announced by NTT and Dimension Data on 23 September 
2010, and (vi) the confirmation from the Independent Communications Authority of 
South Africa that the Offer does not require its' prior approval announced by 
NTT and Dimension Data on 23 September 2010. The Offer remains conditional upon 
the satisfaction or, if permitted, waiver of the remaining conditions to the 
Offer contained in the Offer Document. 
Defined terms used but not defined in this announcement have the meanings set 
out in the Offer Document. 
 
- Ends - 
 
For further information: 
+------------------------------+-----------------+ 
| NTT - Global Business        | Telephone: +81  | 
| Strategy Office              | 3 5205 5191     | 
+------------------------------+-----------------+ 
|                              |                 | 
+------------------------------+-----------------+ 
| Morgan Stanley               |                 | 
| (Financial Adviser to NTT)   |                 | 
+------------------------------+-----------------+ 
| Laurence Hopkins (London)    | Telephone: +44  | 
|                              | 20 7425 8000    | 
+------------------------------+-----------------+ 
| Hironobu Wakabayashi (Tokyo) | Telephone: +81  | 
|                              | 3 5424 5000     | 
+------------------------------+-----------------+ 
| Risana Zitha (Johannesburg)  | Telephone: +27  | 
|                              | 11 587 0800     | 
+------------------------------+-----------------+ 
|                              |                 | 
+------------------------------+-----------------+ 
| Dimension Data               |                 | 
+------------------------------+-----------------+ 
| Patrick Quarmby              | Telephone: +27  | 
|                              | 11 575 0000     | 
+------------------------------+-----------------+ 
| David Sherriffs              | Telephone: +27  | 
|                              | 11 575 0000     | 
+------------------------------+-----------------+ 
|                              |                 | 
+------------------------------+-----------------+ 
| J.P. Morgan Cazenove         |                 | 
| (Financial Adviser and       |                 | 
| Corporate Broker to          |                 | 
| Dimension Data)              |                 | 
+------------------------------+-----------------+ 
| Michael Wentworth-Stanley    | Telephone: +44  | 
| (London)                     | 20 7588 2828    | 
+------------------------------+-----------------+ 
| David Harvey-Evers (London)  | Telephone: +44  | 
|                              | 20 7588 2828    | 
+------------------------------+-----------------+ 
| Grant Tidbury (Johannesburg) | Telephone: +27  | 
|                              | 11 507 0300     | 
+------------------------------+-----------------+ 
 
Mitsubishi UFJ Morgan Stanley Securities Co. Ltd, Morgan Stanley & Co. Limited 
and Morgan Stanley South Africa (Proprietary) Limited (together, "Morgan 
Stanley") are acting as exclusive financial advisers to NTT and no one else in 
connection with the Offer and will not be responsible to anyone other than NTT 
for providing the protections afforded to clients of Morgan Stanley nor for 
providing advice in connection with the Offer, the contents of this announcement 
or any matter referred to herein. 
J.P. Morgan plc, which conducts its UK investment banking business as J.P. 
Morgan Cazenove and which is authorised and regulated by the UK Financial 
Services Authority, is acting for Dimension Data and no-one else in connection 
with the Offer and this document and will not be responsible to anyone other 
than Dimension Data for providing the protections afforded to clients of J.P. 
Morgan plc or for providing advice in relation to the Offer, the contents of 
this announcement or any matter referred to in this document. 
The Offer will be made in the United States in reliance on, and compliance with, 
Section 14(e) of the Exchange Act and Regulation 14E thereunder. The Offer will 
not be extended to, and may not be accepted by, holders of Dimension Data's 
American Depositary Receipts. 
The Offer relates to the shares of a UK company and will be governed by English 
law. The Offer will primarily be subject to the disclosure requirements and 
practices applicable in the UK to takeover offers, which may differ from the 
disclosure requirements of the SRP and the United States. Furthermore, the 
payment and settlement procedures with respect to the Offer will comply with the 
relevant United Kingdom rules, which differ from United States payment and 
settlement procedures. 
Publication on Website 
A copy of this announcement will be made available, free of charge, on NTT's 
website at (http://www.ntt.co.jp/ir/index_e.html) by no later than 12.00 noon 
(London time) on 28 September 2010. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPPGUUGBUPUURM 
 

Nippon Tel.& T. (LSE:NPN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Nippon Tel.& T. (LSE:NPN)
Historical Stock Chart
From Jul 2023 to Jul 2024