Geac Computer Corporation Limited.

Golden Gate Capital Completes Acquisition of Geac Computer Corporation for US$1 Billion, Cash Price of US$11.10 per Share

    Markham, Ontario and Waltham, Massachusetts (ots/PRNewswire) - Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC) today announced that the Plan of Arrangement has been completed and all of the  issued and outstanding common shares of the Company have been acquired  pursuant thereto by Golden Gate Capital in an all-cash transaction valued  at US$11.10 per share, or approximately US$1.0 billion.

    Geac shareholders representing more than fifty percent of all shares  outstanding, and approximately ninety-eight percent of all votes cast,  voted in favour of the Plan of Arrangement at the Special Meeting of  Shareholders held in January. The Company did not receive notice from any  dissenting shareholders under Section 190 of the Canada Business  Corporations Act. The Plan of Arrangement received final court approval on  January 30th.

    Under the transaction, shareholders will receive US$11.10 per Geac share, a per share value which represents a 27.0% premium over the trading  price in November when the Agreement was reached and a 38.7% premium to  enterprise value.

    For shareholders who held their Geac shares through a broker, the payment of the purchase price will be processed after the broker deposits  the share certificates with Computershare Investor Services Inc., the  Depositary for the Plan of Arrangement, in accordance with the instructions  in the Letter of Transmittal previously sent. For shareholders who held  their Geac shares in registered form, the payment of the purchase price  will be processed after they deposit their share certificates with the  Depositary in accordance with the instructions in the Letter of Transmittal  previously sent. Any questions regarding payment of the purchase price,  including any request for another form of Letter of Transmittal, should be directed to the Depositary via telephone at 1-800-564-6253 (toll free in  North America) or 514-982-7555 or via email at

    With the completion of the Plan of Arrangement, Geac's common shares  will cease to be listed for trading on the Toronto Stock Exchange and NASDAQ.

    About Golden Gate Capital

    Golden Gate Capital ( is a San Francisco-  based private equity investment firm with approximately US$2.5 billion of  capital under management. Golden Gate Capital is dedicated to partnering  with world-class management teams to invest in change-intensive, growth  businesses. It targets investments in situations where there is a  demonstrable opportunity to significantly enhance a company's value. The  principals of Golden Gate Capital have a long and successful history of  investing with management partners across a wide rage of industries and  transaction types, including leveraged buyouts, recapitalizations,  corporate divestitures and spin-offs, build-ups and venture stage investing.

    About Geac

    Geac (TSX: GAC, NASDAQ:GEAC) is a global enterprise software company  that addresses the needs of the Chief Financial Officer. Geac's best-in- class technology products and services help organizations do more with less  in an increasingly competitive environment, amidst growing regulatory  pressure, and in response to other business issues confronting the CFO.  Further information is available at or through e-mail  at

ots Originaltext: Geac Computer Corporation Limited.
Im Internet recherchierbar:

For further information: Transaction Contact: Jon Salon, VP, Deputy
General Counsel, Geac, +1-(781)-672-8810,; Golden
Gate Capital Contact: Joelle Kenealey, Director, Coltrin &
Associates, +1-(415)-305-6065,

Weitere Meldungen: Geac Computer Corporation Limited.

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