Intec accepts CSG cash offer of GBP 236.7 mln

Intec accepts CSG cash offer of GBP 236.7 mln
(Telecompaper) BSS/OSS provider Intec has accepted CSG’s full takeover offer at GBP 0.72 cash per share, or a total of GBP 236.7 million. Customer interaction management and billing provider CSG’s offer represents a 44 percent premium price on Intec’s closing price on 22 July, and 30.3 percent on 23 July, the last business day before Intec entered into an offer period. Both CSG and Intec said that the combination of both companies would create a global leader in BSS and that both groups were complementary in nature, with minimal overlap in products, clients and infrastructure. CSG will finance the buy using existing cash resources and new debt facilities.[Lees verder]

Intec accepts CSG cash offer of GBP 236.7 mln
(Telecompaper) BSS/OSS provider Intec has accepted CSG’s full takeover offer at GBP 0.72 cash per share, or a total of GBP 236.7 million. Customer interaction management and billing provider CSG’s offer represents a 44 percent premium price on Intec’s closing price on 22 July, and 30.3 percent on 23 July, the last business day before Intec entered into an offer period. Both CSG and Intec said that the combination of both companies would create a global leader in BSS and that both groups were complementary in nature, with minimal overlap in products, clients and infrastructure. CSG will finance the buy using existing cash resources and new debt facilities.[Lees verder]

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