NTT DOCOMO Initiates Tender Offer for CARTA HOLDINGS

Nippon Telegraph and Telephone ( (JP:9432) ) has provided an update.

NTT DOCOMO, a subsidiary of NTT, Inc., announced the commencement of a tender offer to acquire CARTA HOLDINGS Inc. shares, aiming to delist the company and form a business and capital alliance with Dentsu Group Inc. The tender offer is part of a strategic move to consolidate ownership and enhance market positioning, with regulatory procedures in Japan and South Korea completed, and pending in China.

The most recent analyst rating on (JP:9432) stock is a Hold with a Yen150.00 price target. To see the full list of analyst forecasts on Nippon Telegraph and Telephone stock, see the JP:9432 Stock Forecast page.

More about Nippon Telegraph and Telephone

NTT, Inc. is a major player in the telecommunications industry, primarily offering consumer communications and smart life business services through its subsidiary NTT DOCOMO, Inc. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its significant capital investments.

Average Trading Volume: 143,669,745

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen13808.1B

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