Computer Task Group shares are trading higher after the company announced it will be acquired by Cegeka for $10.50 per share.
Portfolio Pulse from Benzinga Newsdesk
Computer Task Group (CTG) announced that it will be acquired by Cegeka for $10.50 per share, leading to a rise in CTG's stock price.
August 09, 2023 | 2:08 pm
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POSITIVE IMPACT
CTG's stock price is expected to rise in the short term due to the acquisition announcement by Cegeka.
Acquisition announcements often lead to a rise in the stock price of the company being acquired. In this case, CTG's stock price has already started to rise following the announcement of its acquisition by Cegeka. This trend is expected to continue in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100