CGI Group To Acquire Logica

by Monica Gerson, Benzinga Staff Writer

May 31, 2012 5:03 AM | 16 seconds read | Make a Comment

CGI Group Inc

GIB

agreed to buy Logica PLC

LGIAF

for £1.7 billion, or C$2.8 billion. The deal price of 105 pence per share represents a 60% premium to Logica's closing price of 65.7 pence on Wednesday. GIB shares closed at $20.42 yesterday.

Market News and Data brought to you by Benzinga APIs

Posted In: News M&A merger and acquisition

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CGI Group To Acquire Logica