Japan’s NEC to acquire CSG Systems for $2.9B in cash deal

* Japan's NEC Corporation said Wednesday it's buying CSG Systems International (NASDAQ:CSGS [https://seekingalpha.com/symbol/CSGS]), a U.S. supplier of customer care and billing services for cable and phone companies, for $80.70 per share in cash, for a total enterprise value of approximately $2.9 billion, including debt.
* The transaction price represents a 17.38% premium over CSG’s closing price of $68.75 on October 28.
* The agreement has been unanimously approved by both companies' boards and is expected to close within the 2026 calendar year.

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