Tokyo and Dusseldorf, Sept 11, 2009 - (JCN Newswire) - 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 Dusseldorf, 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.
"Using a unique platform for mobile content distribution, net mobile is steadily expanding its business in Europe," said Masatoshi Suzuki, Senior Executive Vice President and Member of the Board of Directors of DOCOMO. "net mobile's technology and European presence are major plus points for DOCOMO, which is strengthening the foundation of its mobile platform business overseas. DOCOMO believes the close collaborative relationship resulting from this transaction will contribute significantly to growth at both companies."
"net mobile generally welcomes the tender offer. DOCOMO's extensive know-how and expertise in advanced mobile services will help net mobile broaden its service portfolio," said Theodor Niehues, CEO and Chairman of the management board of net mobile. "DOCOMO's worldwide alliance and synergies accomplished with various industries will allow the two companies to achieve the shared goal of providing high value-added mobile communications services globally."
Upon the opening of the acceptance period, a detailed offer document will be made available at http://www.docomodeutschland.de. This website, designed to provide interested parties with additional information about the transaction, will be live until all necessary procedures for the transaction have been completed.
About NTT DOCOMO
NTT DOCOMO is the world's leading mobile operator and provider of advanced mobile services. The company serves over 55 million customers in Japan, including 48 million using i-mode(TM), the world's most popular mobile e-mail/Internet platform, and 51 million using FOMA(TM), the world's original 3G mobile service based on W-CDMA. As a leader in the development of cutting-edge mobile technologies, DOCOMO is continually expanding the role of mobile phones as versatile and highly personalized "lifestyle tools" for everyday life, including with a wide range of innovative services for mobile payments, GPS, mobile TV, multimedia content and much more. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com.
Contact:
NTT DOCOMO, INC.
International PR
Public Relations Department
Tel: 81-3-5156-1366
Fax: 81-3-5501-3408
URL: http://www.nttdocomo.com
Sept 11, 2009
Source: NTT DOCOMO
NTT DOCOMO (TSE: 9437) (FTSE: NDCM) (U.S: DCM)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Press release summary
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