CSG rejects takeover offer

CSG said today that it has decided not to sell out to a potential buyer that made an offer in September.

in brief CSG said today that it has decided not to sell out to a potential buyer that made an offer in September.

The board has decided that the $1.20 per share offer made in September does not represent the best interests of CSG shareholders.

Unfortunately, the process started by the proposal was not only costly, but also "disruptive to both management and staff, and created uncertainty with CSG's customers".

Now that the book had been closed on the offer, CSG said that management will be able to focus on its strategy again.

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