CGI Group Inc. announced that Logica’s shareholders voted 99.54% in favor of CGI’s recommended cash offer of 105 pence.
Michael E. Roach, President and CEO, CGI said, “We are very pleased with the level of shareholder support shown for our transaction and anticipate a timely closing. We are excited to welcome our new Logica colleagues and remain committed to bringing the enhanced capabilities of our combined business to clients while creating new career opportunities for our professionals and additional value for our investors.”
Roach added, “The combination of CGI and Logica represents a unique transformational opportunity. We will immediately start the process of successfully integrating the two businesses to create a global technology services leader with 72,000 professionals worldwide.”
It is expected that the acquisition will be completed on August 20, 2012.