Brief: Computer Task Group Buys Stardust In Deal Valued At About $4.9 Mln

Computer Task

03/03/2020 15:35

March 3 (Reuters) - Computer Task Group Inc  CTG.O :
    * CTG ACQUIRES FRENCH TESTING COMPANY STARDUST
    * COMPUTER TASK GROUP INC - DEAL EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO OPERATING RESULTS, EXCLUDING CUSTOMARY
ACQUISITION-RELATED EXPENSES
    * COMPUTER TASK GROUP INC -  STARDUST'S FOUNDERS AND
MANAGEMENT
TEAM WILL REMAIN WITH CTG TO ENSURE CONTINUITY OF CLIENT SERVICE
    * COMPUTER TASK GROUP INC - ALL-CASH TRANSACTION IS VALUED
AT
APPROXIMATELY $4.85 MILLION
    * COMPUTER TASK GROUP INC - FUNDED PURCHASE PRICE THROUGH A
DRAWDOWN OF CAPITAL FROM REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nGNX4PSCCM 
Further company coverage:  CTG.O 

 ((Reuters.Briefs@thomsonreuters.com;))