NEC completes $80.70/sh all-cash acquisition of CSG Systems; CSG now wholly owned by NEC

CSG SYSTEMS INTERNATIONAL INC

Merger consideration $80.70 per share in cash; CSG now wholly owned subsidiary of NEC.
Convertible notes (~$425M outstanding) convert into $80.70 cash per share; adjusted conversion rate 15.2606 shares per $1,000 principal.
CSG's $125M credit agreement repaid and terminated; all commitments and liens released.
CSG delisted from Nasdaq effective May 25, 2026; intends to deregister with SEC.
Former CEO Brian Shepherd and other officers terminated; Andrew Feinberg appointed Chairman/CEO of combined Netcracker-led organization.

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