5. CONSOLIDATED FINANCIAL STATEMENTS (7) Subsequent events On July 15, 2010, NTT agreed with Dimension Data Holdings plc ("Dimension Data"), an English public limited company based in the Republic of South Africa, to commence the acquisition of all of Dimension Data’s ordinary shares (those currently issued and those that will be issued), in exchange for cash. It is intended that the acquisition will be effected by means of a recommended cash offer. The offer price for each ordinary share in Dimension Data is expected to be 120 pence and the total acquisition price is expected to be approximately up to GBP 2,120 million. The acquisition process is expected to be completed around October 2010, subject to compliance with the relevant competition laws. The financial effect on the results for the current fiscal year is under review. Copyright (c) 2010 Nippon telegraph and telephone corporation