CSG Systems International, Inc. Enters into Merger Agreement with NEC Corporation

CSG Systems International, Inc. (the 'Company') has entered into an Agreement and Plan of Merger with NEC Corporation ('Parent') and Canvas Transaction Company, Inc. ('Merger Sub'), a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and becoming a wholly owned subsidiary of Parent. The Merger Agreement provides that each share of the Company's common stock will be converted into the right to receive $80.70 in cash. The Board of Directors of the Company has unanimously approved the Merger Agreement and recommends that the Company's stockholders adopt the Merger Agreement. The Merger is subject to customary closing conditions, including the adoption of the Merger Agreement by the Company's stockholders and the receipt of required regulatory approvals. The Merger is expected to close in 2026.