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05/07/2010 02:35:00 PM EST

CGI Group to buy Stanley Inc. for $903 million

Posted by

Corporate and Securities Law Community Staff

NEW YORK-(AP) Information technology company CGI Group Inc. said Friday it will buy Stanley Inc. for $903 million cash, or $37.50 per share.

The Canadian company is offering a premium of 29 percent from Stanley's Thursday closing price of $29. The companies said their boards have approved the sale and Stanley directors…

 

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