Form SC 13G/A COMPUTER TASK GROUP INC Filed by: DIMENSIONAL FUND ADVISORS LP
Filed on: February 9, 2024.
Ticker |
CTG
|
CIK | 0000023111 |
SIC | 7371 |
Sector | Services |
Industry Category | Computer Software |
Industry Group | Services – Computer Programming And Data Processing |
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Form SC 13G/A COMPUTER TASK GROUP INC Filed by: DIMENSIONAL FUND ADVISORS LPFiled on: February 9, 2024. Form SC 13G/A COMPUTER TASK GROUP INC Filed by: DIMENSIONAL FUND ADVISORS LPFiled on: February 9, 2024. Cegeka Successfully Completes the Tender Offer for Computer Task Group, IncorporatedHASSELT, Belgium and LIMBURG, the Netherlands, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Cegeka Groep NV (“Cegeka”) announced today that its wholly owned subsidiary, Chicago Merger Sub, Inc. (“Merger Sub”), has successfully completed its tender offer to purchase all outstanding shares of common stock of Computer Task Group, Incorporated (NASDAQ: CTG) (“CTG”), at a price of $10.50 per share, net to the seller in cash, without interest and less any applicable withholding taxes. CTG is a leader in North Am Computer Task Group Inc (CTG) Reports Mixed Q3 2023 Results Amid Acquisition ProcessRevenue Declines as Company Focuses on Strategic IT Solutions and Services CTG IT Solutions and Services Segments Gross Margin Improved 40 Basis Points to 29.5% in Third Quarter 2023Cegeka and CTG work toward Completion of Regulatory Requirements to Complete Acquisition Cegeka and CTG signed an agreement on August 9, 2023, for Cegeka to purchase CTG for $10.50 per share in a cash transaction valued at approximately $170 million.IT Solutions and Services segments represent 87% of total revenue in the third quarter, CTG’s highest level to date. Revenue of $71.3 million reflected intentional disengagement of $11.8 million from non-strategic technology services business.Gross m |