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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…

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