CGI to buy Swedish technology consulting firm Acando in deal valued at

MONTREAL — CGI Inc. has signed an agreement to buy Swedish technology consulting company Acando.The Canadian firm valued the deal at $614.7 million, including the debt it plans to assume.Under the offer, which has the unanimous support of the Acando board, CGI says it will pay 41.45 Swedish kronors per Acando share.It says the offer represents a 44.2 per cent premium to Acando’s closing price on March 8.CGI says Stockholm-based Acando will add more than 2,100 professionals to CGI from five countries across the region including Sweden, Norway and Germany.The transaction is expected to close in the third quarter.Companies in this story: (TSX:GIB.A) read more

Opposition submits list of 11 nominees for GECOM Chairman

Opposition Leader Bharrat Jagdeo over the weekend submitted a list of 11 nominees to President David Granger for the post of Chairman of the Guyana Elections Commission.This came a mere two days after the meeting between himself and President David Granger where both agreed that the process of selecting a chairman of GECOM was vital and would be done within days.The nominees include Annette Arjoon-Martins; BS Roy (Retired Justice of Appeal); Gerry Gouveia (Captain); Joseph Singh (Retired Major General); Kashir Khan (Attorney-at-Law); Krishnadatt Persaud (former Senior Magistrate); Lawrence Latchmansingh; Norman McLean (Retired Major General); Onesi La Fleur; Ramesh Dookhoo and William Ramlall (Retired Puisne Judge).The names submitted by the Opposition Leader were pulled from the initial three lists that were submitted in 2017 and rejected by President Granger, who went on to unilaterally appoint Retired Justice James Patterson. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedGECOM Chairman: Granger rejects 5 nominees, shortlists 4July 9, 2019In “latest news”President proposes 8 nominees for GECOM ChairmanJuly 8, 2019In “latest news”Opposition, Govt to meet today to “hammer out” nominees for GECOM ChairmanJuly 8, 2019In “latest news” read more