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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.410+0.7%Sep 24 4:00 PM EDT

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To: richardred who wrote (5785)11/6/2020 1:23:08 PM
From: richardred  Read Replies (1) of 6084
 
CTG- Speculation

Older snip
>BUFFALO, N.Y., Jan. 14, 2020 (GLOBE NEWSWIRE) -- CTG (NASDAQ: CTG), a leading provider of information technology (IT) solutions and services in North America and Western Europe, today confirmed that it has received a new unsolicited proposal from Assurance Global Services LLC (AGS) to acquire the Company for $7.00 per share in cash.

CTG keeps delivering on earnings, but very little in stock price appreciation for it. IMO AGS needs to put up the financing to carry through with their previous proposal or shut up. Something fishy seems to be going through with the bigger block trades of late. It will be interesting to see if a 13d gets filed after that 70,000 shares block & 20,000 share block.
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