CGI Group Inc. (GIB) announced Thursday morning that it made an offer to acquire Logica for 105 pence (C$1.68) per ordinary share, equivalent to a total purchase price of GBP 1.7 billion (C$2.8 billion).
CGI Group gapped open sharply higher Thursday, but traded in a narrow range throughout the session. The stock closed up by 2.79 at $23.21 on the highest volume of the year and jumped to a 10-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.