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News  ›  Benzinga

CSG Systems Stock Soars As NEC Strikes $2.9 Billion Deal To Buy The Company

Benzinga Logo Benzinga By Lekha Gupta
CSG Systems Stock Soars As NEC Strikes $2.9 Billion Deal To Buy The Company

NEC Corporation announced a $2.9 billion cash deal to acquire CSG Systems International, offering $80.70 per share, representing a 17.38% premium over its previous closing price. The transaction is expected to close in 2026 and will expand NEC's digital transformation software and services portfolio.

Insights
CSGS   positive

Stock price increased by 14.18% due to acquisition at a significant premium, indicating a favorable outcome for shareholders