DoCoMo has announced its intent to launch a voluntary public tender offer for shares in German-based net mobile AG http://bit.ly/h1BykB
TOKYO, JAPAN and DÜSSELDORF, GERMANY, September 11, 2009 — NTT DOCOMO, INC., the leading mobile communications company in Japan, today announced its intent to launch a voluntary public tender offer for net mobile AG, an international mobile content distribution platform company based in Düsseldorf, Germany. DOCOMO will offer a cash compensation of EUR 6.35 per share for all outstanding shares of net mobile. The offer price represents a 53.9 percent premium over the three-month average weighted share price prior to this announcement and a 34.2 percent premium over the closing price on September 10, 2009. The tender offer will be launched by the end of September 2009 by DOCOMO Deutschland GmbH, DOCOMO’s wholly-owned German subsidiary, and includes an acceptance period of four weeks. The supervisory board and management boards of net mobile have generally expressed their support for the tender offer. DOCOMO has already agreed with certain shareholders that they will tender their shares in the acceptance period. Such agreements comprise approx. 24 percent of net mobile shares, including a stake from previous anchor shareholder Swisscom of approx. 15 percent.
DOCOMO Deutschland will announce the commencement of the tender offer in Germany. The offer is subject to certain conditions, including a minimum acceptance threshold of 75 percent, as well as regulatory approvals. Upon successful completion of the tender offer, net mobile will become a subsidiary of DOCOMO.