FCG (NASDAQ:FCGI), a leading provider of outsourcing, consulting and systems implementation and integration services and proprietary software to the health-related industries, announced that its stockholders today approved an agreement and plan of merger through which Computer Sciences Corporation (NYSE:CSC) will acquire FCG in an all-cash transaction for $13.00 per share, or approximately $365 million. The merger is expected to close and become effective within the next couple of business days, subject to terms and conditions of the merger agreement, at which time FCG will become a wholly owned subsidiary of CSC.
About FCG
FCG is a leading provider of outsourcing, consulting, systems implementation and integration services and proprietary software products for healthcare, pharmaceutical, and other life sciences organizations throughout North America, Europe and Asia. Through combinations of onsite, offsite and offshore outsourced services, FCG provides low-cost, high-quality offerings to improve its clients' performance. The firm's consulting and integration services and proprietary software products increase clients' operations effectiveness with and through information technology, resulting in reduced costs, improved customer service, enhanced quality of patient care, and more rapid introduction of new pharmaceutical compounds. For more information about FCG, visit www.fcg.com or call 800-345-0957.
Forward-Looking Statements
This release contains forward-looking statements, including those regarding the expected merger with CSC. These forward-looking statements involve known and unknown risks which may cause actual results and performance to be materially different from the future results and performance stated or implied by the forward-looking statements. Some of the risks that should be considered include whether the merger with CSC will be consummated and other factors referenced in FCG’s most recent Forms 10-K, 10-Q and other periodic reports filed with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking information included in this release, the inclusion of such information should not be regarded as a representation by FCG or any other person that FCG’s objectives or plans will be achieved. FCG undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contacts:
Michael Zuercher
Investor Relations
(562) 624-5369
