Geac Computer Corporation Limited announced that Institutional Shareholder Services (ISS) Canada, Canada's independent proxy advisory firm, published a comprehensive report in support of the proposed acquisition of Geac by Golden Gate Capital.
ISS is widely recognized as the leading independent proxy voting and corporate governance advisory firm in both Canada and the United States. Its analyses and recommendations are relied upon by hundreds of major institutional investment firms, mutual funds and fiduciaries throughout North America.
Geac's Board of Directors has unanimously determined that the arrangement is fair to and in the best interest of Geac shareholders. Accordingly, the Board has approved the transaction and recommends that Geac Shareholders vote in favor of the acquisition at a Special Meeting of Shareholders, which will be held on Thursday, January 19, 2006.
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