CTG, Inc. (CTG) reports Q4 ’19 results before the market opens on Tuesday, February 25. We expect results at least in line with our estimates, which sit near the lower end of management’s implied guidance.
Read MoreEarlier this morning, Assurance Global Services (AGS) filed a 13-D/A that included a letter to the Board of Directors in which AGS presented a revised non-binding proposal to acquire CTG, Inc. (CTG) for $7.00 per share in cash. The proposed acquisition price represents a 33% premium to the prior day’s close and values CTG at approximately 9.1x and 7.5x our FY ’19 and FY ’20 adjusted EBITDA estimates, respectively.
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