JOINT ANNOUNCEMENT BY LOGIBEC GROUPE INFORMATIQUE LTÉE AND OMERS PRIVATE EQUITY INC.
Montréal, July 16, 2010 - Logibec Groupe Informatique Ltée (TSX: LGI) ("Logibec") and OMERS Private Equity Inc. ("OPE") jointly announced today that 8,896,520 common shares of Logibec, representing approximately 98% of the outstanding Logibec common shares, have been tendered to the offer dated June 10, 2010 (the "Offer") made by OPE LGI Inc. (the "Offeror") to acquire all of the issued and outstanding common shares of Logibec at a price of $26.00 per common share. As all of the conditions of the Offer have now been satisfied, the Offeror has taken-up all of the Logibec common shares tendered to the Offer. The Offer is not being extended. The Offeror intends to acquire all of the common shares that were not deposited under the Offer pursuant to the compulsory acquisition provisions of the Canada Business Corporations Act. As previously announced, in connection with the completion of the Offer, Mr. Claude Roy has resigned as President and Chief Executive Officer of Logibec in order to pursue other projects. The Offeror expects to reach an agreement with Marc P. Brunet, the current Chief Financial Officer of Logibec and President and Chief Executive Officer of its US subsidiary, MDI Achieve, Inc. pursuant to which he will become President and Chief Executive Officer of Logibec. Also in connection with the completion of the Offer, the existing board of directors of Logibec will be replaced by nominees of the Offeror. Shareholders with questions about the Offer may call Kingsdale Shareholder Services Inc., the Information Agent in connection with the Offer at its North American toll free number 1-888-518-6832 or 416-867-2272 outside of North America or by email at firstname.lastname@example.org.
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