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Computer Task Group, Inc. - CTG STOCK NEWS

Welcome to our dedicated news page for Computer Task Group (Ticker: CTG), a resource for investors and traders seeking the latest updates and insights on Computer Task Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Computer Task Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Computer Task Group's position in the market.

News
Cegeka Successfully Completes the Tender Offer for Computer Task Group, Incorporated
Rhea-AI Summary
Cegeka Groep NV (CEGEKA) successfully completes tender offer to purchase Computer Task Group, Incorporated (CTG) at $10.50 per share, creating a global IT player with operations in 19 countries and over 9,000 IT professionals.
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End-of-Day
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News
CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023
Rhea-AI Summary
CTG (Nasdaq: CTG) reported its financial results for the third quarter, with a focus on the acquisition by Cegeka. Revenue of $71.3 million reflects a disengagement of $11.8 million from non-strategic technology services. Gross margin improved to 27.3%, and GAAP operating margin was (0.8)%. The acquisition is expected to close on December 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
earnings
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News
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG
Rhea-AI Summary
Cegeka Groep NV and Computer Task Group, Incorporated have extended the expiration date of their acquisition offer. The offer to acquire all outstanding shares of CTG for $10.50 per share has been extended until December 12, 2023. As of November 2, 2023, approximately 56.9021% of the outstanding shares have been tendered into the offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
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News
Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG
Rhea-AI Summary
Cegeka and CTG extend the expiration date of their merger offer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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Cegeka and CTG Announce Extension of Tender Offer for All Outstanding Shares of CTG
Rhea-AI Summary
Cegeka and CTG extend expiration date of acquisition offer for CTG shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
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none
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News
CTG Recognized as One of the UK’s Best Workplaces in Tech™
Rhea-AI Summary
CTG named to UK's Best Workplaces in Tech list
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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News
CTG IT Solutions and Services Segments Gross Margin Improved 170 Basis Points to 30.7% in Second Quarter 2023, Cegeka to Acquire CTG for $10.50 Per Share
Rhea-AI Summary
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End-of-Day
27.5%
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acquisition earnings
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Cegeka to Acquire CTG for $10.50 Per Share, Enhancing Value to Customers Across North America and Europe
Rhea-AI Summary
Cegeka to acquire CTG for $10.50 per share in cash, valued at $170 million. Expected to bring Cegeka to €1.4 billion annual turnover in 2024, employing over 9,000 people in 18 countries. CTG had $325 million in 2022 revenue and $306 million in trailing 12-month revenue as of June 30, 2023. Cegeka's long-term strategic vision for growth. Transaction expected to close later in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27.5%
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acquisition
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News
CTG Announces Second Quarter 2023 Financial Results Conference Call and Webcast
Rhea-AI Summary
CTG (Nasdaq: CTG) to Release Second Quarter 2023 Results on August 9, 2023, and Host Conference Call and Webcast to Discuss Financial and Operating Results, Strategy, and Outlook
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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earnings
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CTG IT Solutions and Services Segments Gross Margin Improved to 28.9% in First Quarter 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.61%
Tags
earnings
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Computer Task Group, Inc.

Nasdaq:CTG

CTG Rankings

N/A Ranked by Market Cap
#571 Ranked by Stock Gains
N/A Ranked by Dividends

CTG Stock Data

168.99M
15.10M
8.81%
56.47%
0.19%
Custom Computer Programming Services
Professional, Scientific, and Technical Services
Link
United States
Amherst

About CTG

ctg provides reliable it services, solutions, and staffing to industries including healthcare, diversified industrials, finance, government, tech, and telecom. we're built on 50 years of meeting our commitments to make technology work for our clients and deliver real business value. our services encompass the entire it business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the it solution. our it solutions range from helping clients assess their business needs and identifying the it solutions to meet these needs, to the delivery of services that comprise the selection and implementation of packaged software, as well as the design, construction, testing, and integration of new systems. our it staffing services comprise recruiting, retaining, and managing it talent for our clients, including both large organizations with multiple locations and high-volume it requirements, and companies that need to augment their own staff on a fle