CSG Systems International, Inc. has provided an update regarding its pending acquisition by NEC Corporation. Under the agreement, Canvas Transaction Company, Inc., a wholly owned subsidiary of NEC, will merge with and into CSG Systems International, with CSG continuing as the surviving entity and becoming a wholly owned subsidiary of NEC. The company reported that a key regulatory waiting period has expired. Completion of the transaction is still subject to other regulatory approvals, approval by a majority of CSG Systems International's shareholders, and customary closing conditions.

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