Desjardins, CGI sign 10-year deal

Article Abstract:

A ten-year partnership has been formed between Montreal, Quebec-based Mouvement Desjardins and Montreal, Quebec-based CGI Group Inc. The deal, which has been valued at $10 billion, is aimed at developing Mouvement Desjardins' data processing operations.

Prepackaged software, Computer Software, Software Publishers, Use of services, New orders received, Strategic alliances, Credit Unions, Banking industry, Computer software industry, Software industry, Software, CGI Group Inc.

---

Desjardins bids to take subsidiary private

Article Abstract:

Mouvement Desjardins (Quebec) has announced a $180-million bid to take private its publicly traded subsidiary, Desjardins-Laurentian Financial Corp (Montreal). Desjardins is offering $23.50 a share in cash for the 20% of Desjardins-Laurentian stock it does not already own. The offer is conditional on Desjardins getting at least 90% of the outstanding class A subordinate shares and class B shares of Desjardins-Laurentian it does not own. The offer represents a 43.4% premium over Desjardins-Laurentian's average trading price of $16.39 for the 20 trading days ending July 31 2000, and a 91% premium over the average trading price of $12.31 for the 20 trading day ended May 30 2000.

Desjardins Laurentian Financial Corp.

---

Molsons said open to bids: Clan would entertain offer if terms right

Article Abstract:

Dan O'Neill, president and chief executive officer of Molson said that the clan is planning to takeover a bid for the venerable brewery in which it has a controlling stake. For years the Molsons were bound by a voting pact the details of which are not publicly disclosed.

Contracts & orders received, Malt beverages, Contracts & orders let, Brewing industry, Breweries, Contract agreement, Molson Inc.

Similar abstracts:

• Abstracts: Rupert Murdoch lends his voice to those worried about a cooling of television ad spending. Some eerie TV spots predict a future when traditional stock exchanges won't be necessary
• Abstracts: AGF head kept busy courting rival firms; a dinner here, a meeting there. Struggle for Mackenzie intensifies
• Abstracts: Nortel outsources corporate services to PricewaterhouseCoopers in five-year deal. Nortel, Computer Sciences seal $3-billion IT outsourcing deal

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.