NTT Com's takeover offer for Integralis achieves broad acceptance among shareholders
- More than 50 percent of the Integralis shares have been tendered so far
- Offer period ends 11 September 2009
NTT Communications Corporation (NTT Com) and Integralis are pleased to announce that nine days prior to expiration of the acceptance period, more than 50 percent of the Integralis shares have already been tendered to NTT Com. The acceptance period ends on Friday, September 11 at 12 o'clock midnight (CET). NTT Com offers Euro 6.75 in cash per share. This represents a 70 percent premium over the three-month average share price prior to the announcement and a 35 percent premium over the closing price on June 29th 2009, the day before the announcement.
"We are satisfied with the results achieved so far and are confident that the attractive premium will convince the remaining shareholders to accept the offer," said Akira Arima, Senior Executive Vice President of NTT Com.
The Management Board and Supervisory Board of Integralis AG already approved the offer of NTT Com and recommend that the shareholders of Integralis AG accept the offer.
By taking over Integralis, NTT Com will expand its global IT service portfolio with a market-leading platform for IT security solutions and close an important demand gap for its corporate customers.
NTT Com intends to integrate Integralis into the NTT Com Group with Integralis continuing as a legally independent company, and to support it in its future growth.
About NTT Communications Corporation
NTT Com provides a broad range of global networks, management solutions and IT services to customers worldwide. The company is renowned for reliable, high-quality security, hosting, voice, data and IP services, as well as expertise in managed networks and leadership in IPv6 transit technology. Its extensive infrastructure includes Arcstar(TM) Global IP-VPN and Global e-VLAN, as well as a Tier-1 IP backbone reaching more than 150 countries in partnership with major Internet service providers, and secure data centers in Asia, North America and Europe. NTT Com is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation, one of the world's largest telecoms with listings on the Tokyo and London stock exchanges as well as New York (in the form of American Depository Receipts). For the fiscal year ended March 31, 2009, NTT Communications Corporation reported revenues of JPY 1,127 billion (EUR 9.3 billion). The number of employees amounts to 8,350 people. For more information, please visit www.ntt.com/index-e.html.
NTT Security (Germany) GmbH
As a leading international IT security solutions provider, Integralis offers its customers expert consulting and tailored services to protect their critical business processes. The Integralis product portfolio is based on leading-edge technologies and strategic partnerships oriented to planning, implementing and operating overarching information security architectures. Backed by top quality skills and experience, the Integralis consulting team supports customers' IT security projects by offering structured methodical and technical consulting and implementation services. Integralis services provide 24/7 multilingual support for the day-to-day operation of customers' security systems around the world. Services comprise the telephone hotline, remote monitoring and administration as well as on-site support. Under the Integralis name, a global network of branches serves a large number of blue-chip companies and public authorities as well as many national and international businesses. Integralis is listed in Deutsche Börse AG's Prime Standard. With 511 employees, Integralis realized revenues of EUR 169 million in 2008. Further information on Integralis is available on the Internet at www.Integralis.com.