CGI Group Inc. Successfully Acquires Star Data Systems Inc.
Montreal, Quebec --2001-01-23
CGI Group Inc. announced today that its offer dated December 11,
2000, as extended on January 9, 2001, to purchase all of the
outstanding common shares of Star Data Systems Inc. (the "Offer")
was successful with 17,533,778 common shares having been tendered
which represents approximately 94.8% of the outstanding common
shares of Star Data Systems Inc. The Offer expired at 10:00 p.m.
on January 22, 2001 (Toronto time). Payment for the common shares
deposited during the extension will be made shortly.
The Offer was made to purchase all of the outstanding common
shares of Star Data Systems Inc. Accordingly, CGI Group Inc.
intends to acquire all of the remaining common shares which were
not tendered to the Offer in compliance with the compulsory
acquisition provisions of the Business Corporations Act (Ontario)
and pursuant to which CGI will mail shortly a Notice of
Compulsory Acquisition to each of the remaining shareholders of
Star Data Systems Inc.
About CGI Founded in 1976, CGI is the largest independent
Canadian information technology consulting firm and the fifth
largest in North America, based on its headcount of 10,000
professionals. CGI's order backlog totals approximately CDN$7.0
billion and its revenue stands at CDN$1.4 billion. CGI provides
end-to-end IT services and business solutions to 2,500 clients in
Canada, the United States and more than 20 countries around the
world. CGI's shares are listed on the New York Exchange (GIB), as
well as on the Toronto Stock Exchange (GIB.A). They are included
in the Toronto Stock Exchange's TSE 100 index as well as the
S&P/TSE Canadian Information Technology index. Web site:
www.cgi.ca.
All statements in this press release that do not directly and
exclusively relate to historical facts constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements
represent CGI's intentions, plans, expectations, and beliefs, and
are subject to risks, uncertainties, and other factors, of which
many are beyond the control of the Company. These factors could
cause actual results to differ materially from such
forward-looking statements.
These factors include and are not restricted to the timing and
size of contracts, acquisitions and other corporate developments,
the ability to attract and retain qualified employees, market
competition in the rapidly-evolving information technology
industry, general economic and business conditions, and other
risks identified in Management's Discussion and Analysis (MD&A)
in CGI's annual report or Form 40F filed with the US Securities
& Exchange Commission and the Company’s Annual Information
Form
filed with Canadian securities commissions. All of the risk
factors included in these filed documents are included here by
reference. CGI disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. |
