MoFo Reps NTT Data In $200M Intelligroup Tie-Up

Law360, New York (June 14, 2010, 3:57 PM EDT) -- Japanese information technology company NTT Data Corp. has reached a deal to acquire U.S.-based Intelligroup Inc. with an all-cash tender offer valued at $199 million.

Under the agreement announced Monday, NTT Data will make an offer to buy all outstanding shares of Intelligroup common stock for $4.65 per share through NTT Data's wholly owned subsidiary Mobius Subsidiary Corp.

NTT Data said the tender offer would be launched within six business days and would expire after 20 business days, although the offer could be extended.

The offer...
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