Stanley’s Acquisition by CGI Group

On May 7, 2010, CGI Group Inc., a leading provider of information technology and business processing services, and Stanley, Inc., a premier business and information technology consulting firm to the U.S. government, announced they have entered into a definitive merger agreement whereby CGI will acquire Stanley, Inc. through a cash tender offer for $37.50 per share, or an enterprise value of approximately $1.07 billion. Cravath is representing Stanley, Inc. in connection with this transaction. Stanley, Inc., will become a subsidiary of CGI Federal Inc., a wholly owned subsidiary of CGI. The proposed transaction has been unanimously approved by the board of directors of both companies. The tender offer, which is expected to close during the fiscal quarter ending September 30, 2010, is subject to customary terms and conditions and regulatory approvals.

The Cravath team includes partners Stephen L. Burns and Craig F. Arcella and associates Stephen M. Kessing, Jose R. Coleman Tio and Kirkie Maswoswe on corporate matters; partner Michael L. Schler and associates Audry X. Casusol and Mark E. Dundon on tax matters; partner Eric W. Hilfers and associate Jennifer R. Graff on executive compensation and benefits matters; associate Robin C. Landis on antitrust matters; and associate Matthew Morreale on environmental matters.