CGI hits 52-wk. high on takeover news

CGI Group Inc. (T.GIB.A) hit a new 52-week high of $23.82 Thursday. CGI Group Inc. has announced a recommended cash acquisition of Logica for 105 pence (C$1.68) per ordinary share equivalent to a total purchase price of £1.7 billion (C$2.8 billion) plus the assumption of Logica's net debt of £322 million (C$515 million) as of December 31, 2011.

CE Franklin Ltd. (T.CFT) hit a new 52-week high of $12.63 Thursday. No news announcements today

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