Any deal between Logica and CMG would create one of Europe’s largest quoted IT services businesses. A transaction would be structured as an all-share merger and would result in Logica shareholders owning 60% and CMG shareholders owning 40%, respectively, of the combined entity. It is envisaged that Cor Stutterheim (Executive Chairman, CMG) would be the Non-Executive Chairman and Martin Read (Managing Director & Chief Executive, Logica) would be the Chief Executive Officer of the combined entity.
