AcquisitionsMay 14, 2026, 05:22 PM
NEC Completes Acquisition of CSG Systems; Netcracker to Lead
AI Summary
NEC Corporation, through its subsidiary Netcracker Technology, announced the completion of its acquisition of CSG Systems International, Inc. on May 14, 2026. This transaction aims to create a stronger global software business with expanded capabilities in customer engagement, monetization, and AI-driven automation. Following the merger, Netcracker will lead the combined business, with Andrew Feinberg appointed as Chairman and CEO. In connection with the merger, CSG's outstanding Convertible Senior Notes due 2028 will be convertible into $80.70 in cash per share, and the existing $125 million credit agreement was repaid and terminated.
Key Highlights
- NEC Corporation completed the acquisition of CSG Systems International, Inc. on May 14, 2026.
- Each share of CSG Common Stock was converted into the right to receive $80.70 in cash.
- Holders of Convertible Notes have the right to convert them into $80.70 in cash per share.
- Approximately $425.0 million aggregate principal amount of Convertible Notes was outstanding.
- The Existing Credit Agreement was repaid in full for $125 million plus accrued interest and fees.
- Andrew Feinberg was appointed Chairman and CEO of the combined organization.