OREANDA-NEWS. December 20, 2012. The acquisition offer of NTT DATA EUROPE GmbH & Co. KG (NTT DATA EUROPE), a wholly-owned subsidiary of Japanese IT company NTT DATA CORPORATION, was accepted for 3,831,574 itelligence-shares (12.77 percent). In addition NTT DATA EUROPE has acquired further 4.39 percent of itelligence-shares outside the offer since the announcement of its decision to launch the acquisition offer. Upon settlement of the offer, which is expected to be executed on December 28, NTT DATA EUROPE will hold a total of 29,544,428 shares (98.43 percent) of the share capital and the voting rights in itelligence AG. The sole offer condition had already occurred on November 30.

The shareholding of NTT DATA EUROPE will be sufficient to conduct a squeeze-out according to Sections 327a et seq. of the Stock Corporation Act (aktienrechtlicher Squeeze-out). NTT DATA EUROPE will propose to the next general meeting of itelligence AG to pass a resolution to transfer the shares of the remaining minority shareholders to NTT DATA EUROPE against payment of an adequate cash compensation, which has yet to be determined. NTT DATA EUROPE already started with its preparations for the squeeze-out.