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Nippon Telegraph and Telephone ( (JP:9432) ) has shared an announcement.
NTT announced that its subsidiary, NTT DOCOMO, will acquire SBI Sumishin Net Bank through a tender offer and establish a business alliance with SBI Holdings and Sumitomo Mitsui Trust Bank. This strategic move aims to take SBI Sumishin Net Bank private, ultimately making it a consolidated subsidiary of NTT DOCOMO, enhancing NTT’s market positioning and operational capabilities in the financial services sector.
The most recent analyst rating on (JP:9432) stock is a Hold with a Yen160.00 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
Nippon Telegraph and Telephone Corporation (NTT) operates in the telecommunications industry, providing consumer communications services and smart life solutions through its subsidiary NTT DOCOMO. It is listed on the Prime Market of the Tokyo Stock Exchange.
Average Trading Volume: 171,867,963
Technical Sentiment Signal: Buy
Current Market Cap: Yen12904.6B
For a thorough assessment of 9432 stock, go to TipRanks’ Stock Analysis page.