CGI to Complete Acquisition of Stanley

CGI (NYSE: GIB) announced today that CGI Fairfax has completed its cash tender offer to purchase all of the outstanding shares of Stanley (NYSE: SXE).

"Consistent with our strategic plan, this combination will increase our US revenue to more than 45% of our global total," said Michael E. Roach, President and CEO of CGI. "Completing the strategic merger with Stanley will solidify our position in the US market, specifically in the massive $80 billion federal government market, opening up the defense and intelligence space and providing a window on the full spectrum of opportunities across the US government."