CSGS: 8-K · acquisition merger
CSG Systems International, Inc. has completed its acquisition by NEC Corporation, with Merger Sub merging into CSG to become a wholly owned subsidiary of NEC. Shareholders received $80.70 in cash per share, and CSG has requested delisting from Nasdaq, with the removal effective May 25, 2026. In connection with the merger, CSG repaid $125 million in outstanding debt under its credit agreement and terminated the facility. The company also entered into a supplemental indenture for its $425 million convertible notes, allowing holders to convert into cash at a make-whole adjusted rate. Leadership changes include the resignation of all former CSG directors and the termination of employment for CEO Brian Shepherd and other executives. Sylvain Seignour became President of the surviving entity, while Andrew Feinberg leads the combined operations under Netcracker.
SharkNinja Set to Join S&P MidCap 400; Flowers Foods and F&G Annuities & Life to Join S&P SmallCap 600
SharkNinja (SN) will join the S&P MidCap 400, replacing Flowers Foods (FLO) effective May 18, 2026. Flowers Foods (FLO) will join the S&P SmallCap 600, replacing CSG Systems Intl (CSGS) effective May 18, 2026. CSGS is being acquired by NEC Corporation (6701) in a deal expected to close soon, pending final closing conditions. F&G Annuities & Life (FG) will join the S&P SmallCap 600, replacing Mister Car Wash (MCW) effective May 19, 2026.
CSGS: 8-K · material agreement
On May 7, 2026, CSG Systems International, Inc. and NEC Corporation received CFIUS clearance for their proposed merger. This is a significant regulatory approval, but the merger is still subject to other conditions and risks. The CFIUS clearance is a crucial step in the merger process, as it addresses national security concerns. However, the actual completion of the merger and its impact on CSG Systems International are not yet certain. The forward-looking statements in the filing highlight various risks, including the ability to complete the transaction on the anticipated terms and timing, potential litigation, and the risk of business disruptions during the pendency of the merger.
CSG Systems International Reports First Quarter of 2026 Results
CSG Systems International delivered solid Q1 2026 results with revenue of $313.7 million, up 4.8% year-over-year, driven by continued growth in SaaS and related solutions. GAAP EPS increased 45.6% to $0.83 while non-GAAP EPS rose 20.2% to $1.37, with operating margins expanding to 11.2% GAAP and 20.0% non-GAAP. The board declared a quarterly dividend of $0.34 per share, and the previously announced merger with NEC Corporation remains on track for closure by the end of 2026 pending regulatory approvals.
