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NTT Docomo Announces EUR 224M Acquisition Offer For Buongiorno

Japan's leading telecom company, NTT Docomo, has extended a public tender offer to acquire all shares in mobile marketing & content solutions company, Buongiorno S.p.A. The minimum threshold condition for shares is more than 74,592,597, or two thirds of Buongiorno’s share capital at the settlement date, and NTT Docomo is offering to pay EUR 2 (214 Yen) per common share, with the maximum amount of the tender being announced at approximately EUR 224 million. Note that this would not include Buongiorno's B2B Business, which the company had already sold to Francisco Partners. According to the company, the tender offer will be conducted by NTT DOCOMO’s German subsidiary, DOCOMO Deutschland GmbH. The move comes after, Mauro Del Rio, Chairman of Buongiorno, and owner of approximately 20% of Buongiorno's stock, entering into an irrevocable undertaking with DOCOMO Deutschland, to tender all of his shares for the offer. DOCOMO Deutschland has issued a public notice in Italy to announce the tender offer, following it. The tender offer will start, after DOCOMO Deutschland, receives confirmation from Italian securities regulatory authority,  and will last 25 trading days after the announcement of the starting date and tender offer period. According to NTT Docomo, the acquisition will allow both companies to expand their business, and will allow the Japanese giant to reach out to Buongiorno's global customer base of 2 billion across 57 countries, and benefit from its mobile technology solutions. If the deal goes through, Buongiorno will become a subsidiary of DOCOMO. Buongiornio's financials for 2011: As per the offer announcement,…

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