NDS, News Corp. and Permira announce successful completion of the transaction to take NDS private
On 5 February, NDS, News Corp. and Permira Advisers LLP announced that the scheme of arrangement to effect the going private transaction of NDS has now become fully effective. The effectiveness of the scheme results in two
subsidiaries of funds advised by Permira and News Corp. owning approximately 51 percent and 49 percent of NDS, respectively, in each case subject to dilution by shares to be subscribed for by members of management and shares to be issued as part of the option scheme to be established by NDS.
The last day for trading in ADSs was 4 February 2009. On the same day, the High Court of Justice in England and Wales approved the transaction.