Geac Shareholders Approve the Acquisition of Geac by Golden Gate Capital.
PR Newswire Europe, January, 2006
MARKHAM, Canada and WALTHAM, Massachusetts, January 19 /PRNewswire/ -- Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC) today announced that its shareholders approved the acquisition of the outstanding common shares of the Company by Golden Gate Capital at its Special Meeting of Shareholders held this morning. Shareholders representing more than fifty per cent of all shares outstanding, and approximately ninety-eight per cent of all votes cast, voted in favour of the arrangement transaction involving Geac and Golden Gate (the "Arrangement"). The Company did not receive notice from any dissenting shareholders under Section 190 of the Canada Business Corporations Act. Under the terms of the Arrangement, Geac shareholders will receive US$11.10 in cash for...
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