Cases & Deals

Intelligroup acquired by NTT DATA for $199 million

Clients Intelligroup, Inc.

Jones Day advised Intelligroup, Inc. in its $199 million acquisition agreement by NTT DATA Corporation, the Japan-based leading IT services company. NTT DATA acquired Intelligroup through an all-cash tender offer, followed by a second-step merger to acquire all remaining shares at the same price paid in the tender offer.

NTT DATA, through its wholly-owned subsidiary, Mobius Subsidiary Corporation, made an offer to purchase all outstanding shares of Intelligroup common stock for $4.65 per share, which represents a 21.1% premium to Intelligroup's average closing stock price over the last three-month period.

In addition to M&A work, Jones Day also provided antitrust, tax and employee benefits advice to Intelligroup, Inc. on this transaction.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.