The Caisse Selling CA$100M of CGI Shares Back to Company
December 02, 2013
The Caisse is selling a little under 10 million shares of CGI Group (TSX, NYSE: GIB), 25% of which will be repurchased by the company for CA$40.15 per share. Once sold, the firm will own about 18.7% of the outstanding shares of the company. CGI is an IT and business process services provider that tallies annual revenues of more than CA$10 billion.