Benchmark downgraded CSG Systems (CSGS) to Hold from Buy after NEC Corporation agreed to acquire CSG for $80.70 per share in cash.
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Read More on CSGS:
- NEC to Acquire CSG Systems for $2.9 Billion
- CSG Systems Merges with NEC, Delists from Nasdaq
- CSG Systems cancels Q3 earnings presentation following acquisition
- CSG Systems to be acquired by NEC Corporation for $80.70 per share in cash
- CSG Systems International: Strategic Diversification and Promising Financial Growth Justify Buy Rating