CSG rejects takeover offer

CSG rejects takeover offer

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

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TOPICS: Legal
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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.

Topic: Legal

Suzanne Tindal

About Suzanne Tindal

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for the site.

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