CSG Systems Shares Rise Premarket on Takeover by NEC
By Colin Kellaher
Shares of CSG Systems International rose sharply in premarket trading Wednesday after the software company agreed to be acquired by Japanese information-technology company NEC for about $2.3 billion.
NEC said it will pay $80.70 a share in cash for CSG, a roughly 17% premium to Tuesday's closing price of $68.75 for the Englewood, Colo., company.
The deal, which has an enterprise value of around $2.9 billion including debt, is slated to close next year.
CSG shares were recently up 14% to $78.30 in premarket trading.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 29, 2025 06:13 ET (10:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
6 ETFs To Diversify Away From AI
Why This Vanguard ETF Is One of the Best
The Best AI Stocks to Buy Now
