Why Is CSG Systems Stock Soaring Wednesday? - NEC (OTC:NIPNF), CSG Systems Intl (NASDAQ:CSGS)

Why Is CSG Systems Stock Soaring Wednesday? - NEC (OTC:NIPNF), CSG Systems Intl (NASDAQ:CSGS)

CSG Systems Int'l (NASDAQ: CSGS) to be acquired by NEC Corp for $2.9 billion in cash. Deal at 17.38% premium.

NEC to Buy US Telecom Services Provider CSG for $2.9 Billion

Japan’s NEC Corp. said it’s buying CSG Systems International Inc., a US supplier of customer care and billing services for cable and phone companies, for around $2.9 billion in a move to shore up its operations in the US.

NEC strikes $2.9B deal for SaaS player CSG

NEC Corporation inked a deal to buy CSG Systems International for around JPY438.5 billion ($2.9B), a deal it expects to boost its offering to mobile operators and other industry sectors including media, financial services and logistics. The buyer noted the price included debt and amounted to a more than 17 per cent premium on CSG’s closing share price yesterday (28 October). NEC highlighted the buy would improve its position in provision of “nex…

NEC to acquire CSG for $2.9bn

NEC Corporation and CSG Systems International 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 $2.9 billion (€2.4bn), including debt. NEC says the transaction strengthens “[its] position as a leader in next-generation digital solutions and accelerates AI and cloud-driven […]

NEC expands BSS SaaS with $3bn CSG acquisition

The idea is there are synergies between CSG’s portfolio and that of subsidiary Netcracker which will allow NEC to expands its customer base and global reach NEC Corporation and Australia-based CSG Systems International have entered into “a definitive agreement” under which NEC will acquire CSG for a total enterprise value of about $2.9 billion (, in cash, including debt. The transaction is intended to strengthen NEC’s position, and that of its s…

CSG (NASDAQ: CSGS) to be acquired by NEC in $2.9B deal, closing expected in 2026

NEC to buy CSG for $80.70/share, including a 23.07% premium to the 30‑day VWAP. Boards approved; closing within 2026 pending shareholder and regulatory approvals.