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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5786)	1/18/2020 2:47:17 PM
From: richardred	Read Replies (1) \| Respond to of 7254

CTG- Speculation 20220 SITT pick #3 The stock has pulled back about 10% from it's 52 week high and 15%ish from the 7.00 offer price. I'm guessing the way CTG responds again to the the AGS offer. The offer undervalues the company and the board has a plan in place to increase shareholder value. The AGS response? IMO if AGS is really serious? This time it could take the 7 dollar offer directly to shareholders. A hostile tender would show they have financing in place to execute, and are serious. As I've previously mentioned. It would also make a case more likely for a management led buyout. This would get AGS out of their hair and preserve the boards strategic plan in place. I think a hypothetical management led buyout also insures stability of their labor force as well. In the old days some activists played Green Mail. IMO Now it's put up, shut up, or try and put a company into play. This company is an under the radar company so it has IMO not attracted a lot of arbitrage attention as of yet. If the board just brushes off the recent offer again. Part of their fiduciary duties might be exploring strategic alternatives to see if there is truly a White Knight out there interested? I've mentioned ASGN as a hypothetical before. They seem a good fit and have recently integrated a small bolt on acquisition. I'm holding my shares for now. Just what the CTG board asked us shareholders to do. SNIP>CTG asked its shareholders to take no action at this time pending completion of a review of Assurance’s latest proposal. www2.staffingindustry.com P.S. ASGN pays $67 million to acquire Intersys Consulting. October 17, 2019 ASGN Inc. (NYSE: ASGN) acquired IT consulting provider Intersys Consulting LLC for $67.0 million in cash, ASGN reported today. Intersys will operate as part of the firm’s Apex Systems division. Intersys has forecast revenue of approximately $31 million in this year. As part of the deal, ASGN announced it granted restricted stock unit awards to 15 Intersys employees covering approximately 50,000 shares. “ASGN expects to realize revenue synergies by leveraging Intersys’ robust capabilities to capture an increased portion of Apex’s growing pipeline of consulting opportunities,” according to the company. Based in Austin, Texas, Intersys has regional offices in other US cities as well as an office in Guadalajara, Mexico. “Intersys’ industry expertise combined with the company’s deep focus on developing longstanding customer relationships, fits well with ASGN’s own mission to provide high-end technology services to accounts in each of the end markets we serve,” ASGN President and CEO Ted Hanson said. ASGN ranks as the second-largest IT staffing firm in the US, according to research by Staffing Industry Analysts. It’s based in Calabasas, California. www2.staffingindustry.com