Gleiss Lutz advised NTT DATA Deutschland GmbH & Co. KG – a wholly-owned subsidiary of the Tokyo-based listed NTT DATA Corporation – on the squeeze-out of the minority shareholders of itelligence AG. The squeeze-out was resolved at itelligence’s shareholders’ meeting in May 2013 and became effective on 17 June 2013 with its entry in the commercial register without any avoidance actions having been filed. As a result of the squeeze-out itelligence will be delisted and the going-private of the company will be completed.
NTT DATA had been the majority shareholder of itelligence since 2007. The squeeze-out was made possible by a successful voluntary public takeover offer in November 2012, which NTT DATA used to increase its stake in itelligence to more than 98%. Gleiss Lutz advised the Japanese IT company also on this transaction.
The following team of Gleiss Lutz lawyers advised NTT DATA: Martin Hitzer (partner, lead, corporate/M&A), Dr. Stefan Mutter (partner, corporate, both Düsseldorf), Dr. Michael Burian (partner, corporate/M&A, Stuttgart), Dr. Johann Wagner (partner, tax), Dr. Thorsten Gayk (corporate, both Hamburg), Dr. Holger Düchting, Dr. Carsten Kruchen, Dr. Rüdiger Schmidt-Bendun and Patrizio Caruso (all corporate, Düsseldorf).
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