CGI to Complete Acquisition of Stanley

CGI GIB announced today that CGI Fairfax has completed its cash tender offer to purchase all of the outstanding shares of Stanley SXE. "Consistent with our strategic plan, this combination will increase our US revenue to more than 45% of our global total," said Michael E. Roach, President and CEO of CGI. "Completing the strategic merger with Stanley will solidify our position in the US market, specifically in the massive $80 billion federal government market, opening up the defense and intelligence space and providing a window on the full spectrum of opportunities across the US government."