Shares in business and technology service company Logica were suspended from trade on Monday as the firm embarks on the final steps of its takeover by Canadian group CGI.
It was announced on July 16th that Logica's shareholders had voted 99.54% in favour of the sale, valued at £1.7bn, first announced in May.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The Court hearing to confirm the Capital Reduction is scheduled to take place today and it is expected that the Scheme will become effective thereafter," Logica said.
"The delisting of Logica Shares and the cancellation of admission to trading of Logica Shares on the London Stock Exchange and Euronext Amsterdam is expected to take place at 8:00 a.m. (UK time) on 24 August 2012."
-
What is the 7 year inheritance tax rule and how does it help cut your bill?Speculation is rife chancellor Rachel Reeves has plans to target inheritance tax once again in her upcoming Budget. But the 7 year inheritance tax rule can save you thousands - here’s how it works.
-
HMRC confirms crypto ETN ISA rulesWith crypto ETNs now technically available for UK retail investors, HMRC has confirmed they can be held in an ISA – but there’s a complication
