Data to buy up their shares.
Earlier this month, Dimension Data told the market that shareholders owning more than 90% of the company's stock had accepted the offer. Under South African law, NTT is entitled to buy out the minorities without them having accepted the bid.
Dimension Data announced in July that Japan-based NTT had offered £2.1 billion to buy the company. NTT offered 120p per share, which was a 30% premium on the company's closing share price on average in the six months before the announcement.
In addition, NTT has instructed Dimension Data to start the process of being de-listed from both the London and Johannesburg bourses. Dimension Data's shares will trade for the last time on the Johannesburg Stock Exchange on Tuesday.
NTT's compulsory acquisition of Dimension Data shares held by minorities should be wrapped up by 6 December, and delisting is expected to take place in the middle of December.
Related story:
End of an era for DiData
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