Geac shareholders approve the acquisition of Geac by Golden Gate Capital
2006年1月20日 - 1:09AM
PRニュース・ワイアー (英語)
MARKHAM, ON and WALTHAM, MA, Jan. 19 /PRNewswire-FirstCall/ -- Geac
Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC) today
announced that its shareholders approved the acquisition of the
outstanding common shares of the Company by Golden Gate Capital at
its Special Meeting of Shareholders held this morning. Shareholders
representing more than fifty percent of all shares outstanding, and
approximately ninety-eight percent of all votes cast, voted in
favor of the arrangement transaction involving Geac and Golden Gate
(the "Arrangement"). The Company did not receive notice from any
dissenting shareholders under Section 190 of the Canada Business
Corporations Act. Under the terms of the Arrangement, Geac
shareholders will receive US$11.10 in cash for each common share of
Geac. The Arrangement has been approved by the Ministry of Industry
of Canada as required under the Investment Canada Act, and the
Company expects to seek final court approval of the Arrangement on
January 30th. The transaction is expected to close on or before
March 16, 2006. About Geac Geac is a leading global provider of
software and services for businesses and governmental bodies
providing customers with financial and operational technology
solutions to optimize their financial value chain. Further
information is available at http://www.geac.com/ or through email
at . This press release contains forward-looking statements of
Geac's intentions, beliefs, expectations and predictions for the
future. These forward-looking statements often include use of the
future tense with words such as "will," "may," "intends,"
"anticipates," "expects" and similar conditional or forward-looking
words and phrases. These forward-looking statements are neither
promises nor guarantees. They are only predictions that are subject
to risks and uncertainties, and they may differ materially from
actual future events or results. Geac disclaims any obligation to
update any such forward-looking statements after the date of this
release. Among the risks and uncertainties that could cause a
material difference between these forward-looking statements and
actual events include, among other things: our ability to increase
revenues from license sales, cross-sell into our existing customer
base and reduce customer attrition; whether we can identify and
acquire synergistic businesses and, if so, whether we can
successfully integrate them into our existing operations; whether
we are able to deliver products and services within required time
frames and budgets to meet increasingly competitive customer
demands and performance guarantees; risks inherent in fluctuating
international currency exchange rates in light of our global
operations and the unpredictable effect of geopolitical world and
local events; whether we are successful in our continued efforts to
manage expenses effectively and maintain profitability; our ability
to achieve revenue from products and services that are under
development; the uncertain effect of the competitive environment in
which we operate and resulting pricing pressures; and whether the
anticipated effects and results of our new product offerings and
successful product implementation will be realized. These and other
potential risks and uncertainties that relate to Geac's business
and operations are summarized in more detail from time to time in
our filings with the United States Securities and Exchange
Commission and with the Canadian Securities Administrators,
including Geac's most recent quarterly reports available through
the website maintained by the SEC at http://www.sec.gov/ and
through the website maintained by the Canadian Securities
Administrators and the Canadian Depository for Securities Limited
at http://www.sedar.com/. Geac is a registered trademark of Geac
Computer Corporation Limited. All other marks are trademarks of
their respective owners. DATASOURCE: Geac Computer Corporation
Limited CONTACT: Alys Scott, Vice President, Corporate
Communications, Geac, (781) 672-5980,
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