Cegeka And CTG Announce Extension Of Tender Offer For All Outstanding Shares Of CTG
Portfolio Pulse from Benzinga Newsdesk
Cegeka Groep NV and Computer Task Group, Incorporated (NASDAQ:CTG) have announced the extension of the expiration date of their offer to acquire all outstanding shares of CTG. The offer, initially set to expire on November 3, 2023, has been extended to December 12, 2023. As of November 2, 2023, approximately 56.9021% of the outstanding shares had been tendered. The offer is subject to certain conditions, including regulatory approvals.
November 03, 2023 | 1:02 pm
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The extension of the offer to acquire all outstanding shares of CTG could potentially impact the company's stock price. The tendered shares represent approximately 56.9021% of the outstanding shares.
The extension of the offer to acquire all outstanding shares of CTG could potentially impact the company's stock price. However, the impact is uncertain as it depends on various factors including market conditions and the final decision of the regulatory authorities. The fact that approximately 56.9021% of the outstanding shares have been tendered indicates a significant interest in the offer.
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