Cegeka’s acquisition bid is not the first for Computer Task Group. CTG in 2020 was pursued by Assurance Services Group, but even after a couple of rounds of bidding no agreement was reached.

The average one-year price target for Computer Task Group (NASDAQ:CTG) has been revised to 11.48 / share. This is an increase of 11.11% from the prior estimate of 10.33 dated August 1, 2023.

Computer Task Group, Incorporated provides a range of IT and business consulting services to organizations. After a revenue decline in 2022, management believes 2023 revenue will be flat. Until the ...

HASSELT, Belgium and LIMBURG, The Netherlands and BUFFALO, N.Y., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) and Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”) announced ...

Three Computer Task Group Inc. shareholders are seeking to block the company’s proposed acquisition due to alleged inadequate information or missing materials in documents to shareholders.

Under an agreement announced Wednesday, Cegeka Groep will acquire Computer Task Group for $10.50 per share in an all-cash transaction, representing a deal value of about $170 million.