CSG Systems to be acquired by NEC Corporation for $80.70 per share in cash

NEC Corporation and CSG Systems (CSGS) announced they have entered into a definitive agreement under which NEC will acquire CSG for $80.70 per share in cash, for a total enterprise value of approximately $2.9B, including debt. The transaction price represents a 17.38% premium over CSG’s closing price of $68.75 on October 28 and a 23.07% premium to the volume-weighted average price of CSG common stock for the 30 days ending October 28. The agreement has been unanimously approved by both companies’ boards. The transaction is expected to close within the 2026 calendar year, subject to the satisfaction of customary closing conditions, including approval by CSG shareholders and receipt of required regulatory approvals.