December 11,2006
Düsseldorf, Neckarsulm December 11, 2006 · Fujitsu Services Overseas Holding Ltd., London ("Fujitsu Services") has signed today a contract to buy investor General Atlantic's 73.8 percent stake in TDS Informationstechnologie AG ("TDS") for a price of 2.80 Euros per share. In addition, further shareholders have offered to sell additional 5.3 % of TDS shares for the above mentioned price to Fujitsu Services.
The Executive Board welcomes this development. Together with its new strong partner TDS will continue to deliver the entire range of services offered to existing customers, and will continue to broaden that range. This completes the review of strategic options which was started by General Atlantic with the approach of potential buyers 30 June 2006.
To be effective the contract requires anti-trust clearance by the competent anti-trust authorities. Following the effectiveness of the contract Fujitsu Services will submit a mandatory public takeover bid to the shareholders according to the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) for the acquisition of their shares for a return in the minimum height required by law.