Shareholder Alert: Ademi LLP investigates whether Computer Task Group, Incorporated has obtained a Fair Price in its transaction with Cegeka

MILWAUKEE, Aug. 9, 2023 /PRNewswire/ -- Ademi LLP is investigating CTG (Nasdaq: CTG) for possible breaches of fiduciary duty and other violations of law in its transaction with Cegeka.

Click here to learn how to join the action https://www.ademilaw.com/case/computer-task-group-incorporated or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, CTG stockholders are expected to receive only $10.50 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $170 million. The transaction agreement unreasonably limits competing transactions for CTG by imposing a significant penalty if CTG accepts a competing bid. CTG insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of CTG's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own CTG common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/computer-task-group-incorporated.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP