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Computer Task Group Inc - CTG STOCK NEWS

Welcome to our dedicated page for Computer Task Group news (Ticker: CTG), a resource for investors and traders seeking the latest updates and insights on Computer Task Group stock.

Computer Task Group (NASDAQ: CTG) delivers essential IT solutions and staffing services across healthcare, finance, and technology sectors. This news hub provides investors and professionals with timely updates on CTG's strategic initiatives, financial performance, and industry leadership.

Access consolidated updates including quarterly earnings reports, merger developments like the Cegeka acquisition, and progress in digital transformation projects. Our curated news selection helps stakeholders track operational milestones and evaluate CTG's position in competitive IT markets.

Key coverage areas include financial disclosures, partnership announcements, and service expansion updates. All content is verified through primary sources including SEC filings and official company communications.

Bookmark this page for streamlined access to CTG's latest developments. Combine this resource with SEC filings and market analysis tools for comprehensive investment research.

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Cegeka Groep NV (CEGEKA) successfully completes tender offer to purchase Computer Task Group, Incorporated (CTG) at $10.50 per share, creating a global IT player with operations in 19 countries and over 9,000 IT professionals.
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CTG (Nasdaq: CTG) reported its financial results for the third quarter, with a focus on the acquisition by Cegeka. Revenue of $71.3 million reflects a disengagement of $11.8 million from non-strategic technology services. Gross margin improved to 27.3%, and GAAP operating margin was (0.8)%. The acquisition is expected to close on December 13, 2023.
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Cegeka Groep NV and Computer Task Group, Incorporated have extended the expiration date of their acquisition offer. The offer to acquire all outstanding shares of CTG for $10.50 per share has been extended until December 12, 2023. As of November 2, 2023, approximately 56.9021% of the outstanding shares have been tendered into the offer.
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Cegeka and CTG extend the expiration date of their merger offer
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Cegeka and CTG extend expiration date of acquisition offer for CTG shares.
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CTG named to UK's Best Workplaces in Tech list
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Cegeka to acquire CTG for $10.50 per share in cash, valued at $170 million. Expected to bring Cegeka to €1.4 billion annual turnover in 2024, employing over 9,000 people in 18 countries. CTG had $325 million in 2022 revenue and $306 million in trailing 12-month revenue as of June 30, 2023. Cegeka's long-term strategic vision for growth. Transaction expected to close later in 2023.
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CTG (Nasdaq: CTG) to Release Second Quarter 2023 Results on August 9, 2023, and Host Conference Call and Webcast to Discuss Financial and Operating Results, Strategy, and Outlook
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Computer Task Group Inc

Nasdaq:CTG

CTG Rankings

CTG Stock Data

168.99M
14.68M
8.81%
56.47%
0.19%
Information Technology Services
Technology
Link
United States
Amherst