(Reuters) - Printing and technology services provider CSG Ltd (CSV.AX) said on Thursday it received an offer from Japan’s Fuji Xerox Co in a deal worth A$139.3 million ($95.46 million).
Under the proposed offer, Fuji Xerox Co will pay A$0.31 per CSG share, which represents a premium of 31.9% to CSG’s last closing price on Oct. 23.
CSG said in the statement it has entered in a preliminary deal agreement with Fuji, which is a unit of Japan’s Fujifilm Holdings Corp (4901.T).
It also recommended shareholders vote in favour of the transaction.
Reporting by Rashmi Ashok in Bengaluru; Editing by Sandra Maler