Golden Gate Capital Completes Acquisition of Geac Computer Corporation for US$1 Billion, Cash Price of US$11.10 per Share.
PR Newswire Europe, March, 2006
MARKHAM, Ontario and WALTHAM, Massachusetts, March 14 /PRNewswire/ -- Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC) today announced that the Plan of Arrangement has been completed and all of the issued and outstanding common shares of the Company have been acquired pursuant thereto by Golden Gate Capital in an all-cash transaction valued at US$11.10 per share, or approximately US$1.0 billion.
Geac shareholders representing more than fifty percent of all shares outstanding, and approximately ninety-eight percent of all votes cast, voted in favour of the Plan of Arrangement at the Special Meeting of Shareholders held in January. The Company did not receive notice from any dissenting shareholders under Section 190 of the Canada...
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