secwatch.observer — SEC 8-K summary
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Issuer:     COMPUTER TASK GROUP INC (—)
CIK:        0000023111
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001193125-23-294477
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.02, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cegeka completes acquisition of CTG for $10.50/share; shares to be delisted
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- Merger Sub accepted 12,806,181 shares (~73.79% of outstanding) validly tendered in tender offer expiring Dec. 12, 2023.
- Cegeka exercised top-up option, issuing 28,132,349 new shares to reach >90% ownership for short-form merger under NY law.
- Merger completed Dec. 13, 2023; CTG becomes wholly owned subsidiary of Cegeka; shares delisted from Nasdaq.
- CEO Filip Gydé resigned; new board and officers appointed: Stijn Bijnens (President) and Stephan Daems (Secretary/Treasurer).
- CTG terminated its Loan and Security Agreement with Bank of America after repaying all outstanding amounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23111/000119312523294477/0001193125-23-294477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23111/000119312523294477/d648596d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-294477

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