The Ademi Firm is investigating CSG (NASDAQ: CSGS) for possible breaches of fiduciary duty and other violations of law in its transaction with NEC Corporation.
In the transaction, CSG shareholders will receive $80.70 per share in cash, valuing the transaction at approximately $2.9 billion including debt. CSG insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for CSG by imposing a significant penalty if CSG accepts a competing bid. We are investigating the conduct of the CSG board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
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