CGI Completes Acquisition of Logica, New Leadership Appointments
IT and business services company CGI Group Inc. has completed its cash acquisition of Logica PLC. The company paid $2.68 billion, plus over $500 million to cover Logica’s net debt. “With the closing of the transaction, our focus is squarely on meeting the expectations of our clients and welcoming our new employees to the CGI
Logica Shareholders Vote to Accept CGI Offer
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
CGI To Acquire Logica-Recommended At $2.8 Billion
CGI Group Inc. announced a recommended cash acquisition of Logica for 105 pence (C$1.68) per ordinary share equivalent to a total purchase price of £1.7 billion (C$2.8 billion) plus the assumption of Logica’s net debt of £322 million (C$515 million) as of December 31, 2011. CGI feels the transaction will strengthen it’s role as a
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