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Breakingviews - NTT generously models Japan's next wave of buyouts
Nippon Telegraph and Telephone is doing its state backers a favour. The Japanese telecom company, in which the Ministry of Finance holds a roughly one-third stake, is offering to buy out the 42% it doesn't already own of its subsidiary NTT Data for 2.37 trillion yen ($16.4 billion). That's a chunky premium for minority shareholders. But it models a type of dealmaking officials want to see more of in Japan.