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Gold/Mining/Energy : CGI Group (GIB.A) -
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To: Fouad Nahas who wrote (43)6/9/1997 12:36:00 PM
From: BM   of 1673
 
The only news that I'm aware of is the 2-for-1 stock split announced last week (see below). I wouldn't have thought that this in itself could cause such a dramatic increase in the stock price. There has to be more news to come.

The only takeover rumour I've seen is Cisco buying Nuvo as per the following link.
exchange2000.com

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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: CGI TSE, ME SYMBOL: GIB.A
JUNE 5, 1997

CGI: Subdivision of its Shares

MONTREAL, QUEBEC--CGI announces that its Board of Directors has
today adopted a resolution subdividing all of its outstanding
shares on a two for one basis. Such subdivision will be submitted
to its shareholders for approval at a meeting to be held in July
1997.

The Board of Directors is of the opinion that such subdivision
will provide greater market liquidity for CGI Class A Subordinate
Shares which are listed on the Montreal and Toronto stock
exchanges.

CGI is the largest Canadian-owned independent information
technology consulting firm with 2,700 specialists and a run rate
of $300 million of which 50 percent is from IT outsourcing
business. Its order book is at $1 billion. The company provides
end-to-end services and business solutions to more than 1,800
clients throughout Canada, the United States and 15 other
countries.
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