---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-254546"
form_type: "8-K"
ticker: "CSGS"
cik: "0001005757"
company_name: "CSG SYSTEMS INTERNATIONAL INC"
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:33:21.161256+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# CSG Systems to be acquired by NEC for $80.70 per share in cash

## Summary
- All-cash deal valued at $80.70 per share; board unanimously recommends adoption by stockholders.
- CSG must pay NEC $82M termination fee if it accepts a superior proposal or board changes recommendation.
- NEC must pay CSG $135M termination fee if deal blocked by antitrust/foreign investment injunction.
- Deal subject to stockholder approval, HSR, and other antitrust/FDI approvals; expected close by Oct 2026 with possible 3-month extensions.
- CSG shares to be delisted from Nasdaq; surviving entity becomes wholly owned subsidiary of NEC.

## SEC filing metadata
- accession: 0001193125-25-254546
- form_type: 8-K
- ticker: CSGS
- cik: 0001005757
- company_name: CSG SYSTEMS INTERNATIONAL INC
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005757/000119312525254546/0001193125-25-254546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005757/000119312525254546/d936741d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-254546
- JSON: https://secwatch.observer/filing/0001193125-25-254546.json
- Plain text: https://secwatch.observer/filing/0001193125-25-254546.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.