Computer Task Group and Cegeka announced that Chicago Merger Sub, a wholly owned subsidiary of Cegeka, has extended the expiration date of its offer to acquire all of the outstanding shares of common stock of CTG, par value 1c per share, for $10.50 per Share, net to the seller in cash, without interest and less any applicable withholding taxes, pursuant to the Agreement and Plan of Merger by and among Cegeka, CTG, and Merger Sub. The Offer has been extended until one minute after 11:59 P.M., Eastern Time, on October 13, unless the Offer is further extended or earlier terminated pursuant to the terms of the Merger Agreement. As of 5:00 p.m., Eastern Time, on September 20, approximately 11,640,378.197500 Shares had been validly tendered into, representing approximately 76.5467% of the outstanding Shares. The offer is conditioned upon the fulfillment of certain conditions including, but not limited to, the receipt of approvals from the Belgian Competition Authority and the Luxembourg Supervision Commission of the Financial Sector.
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