CGI Group Completes $125M Public Offering

CGI Group Inc. successfully completed a public offering on December 20, 2001. The company issued 11.1 million class A subordinate shares, with gross proceeds of approximately $125 million. The proceeds will be used to repay outstanding bank indebtedness and to finance CGI’s development activities.

Representing CGI were Jean-René Gauthier and Patrick Boucher of McCarthy Tétrault LLP. André Roy, Philippe De Montigny and Thomas Lellouche of Stikeman Elliott acted for the underwriting syndicate led by TD Securities Inc. and CIBC World Markets Inc., and included Credit Suisse First Boston Canada Inc., Merrill Lynch Canada Inc., BMO Nesbitt Burns Inc., Yorkton Securities Inc. and Desjardins Securities Inc.