Logica shareholders vote CGI takeover through

Logica's shareholders have voted overwhelmingly in favour of CGI's recommended cash offer of 105p per share at Monday's annual general meeting (AGM).

Providing certain conditions and procedures are undertaken, the firm currently expects the acquisition to be completed on August 20th, as planned.

Referring to the 99.54% vote in favour of the takeover, Michael Roach, President and Chief Executive Officer of CGI, expressed pleasure at the level of shareholder support shown for the transaction.

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"The combination of CGI and Logica represents a unique transformational opportunity and we will immediately start the process of successfully integrating the two businesses to create a global technology services leader with 72,000 professionals worldwide," Roach said.

Payment to shareholders is expected on September 3rd.

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