It has received the support of CGIP
, a shareholder of the bioMerieux group, and is being reviewed by the employees' representatives of the two groups, who received information concerning the merger today.
At the current market price, shares of CGIP are undervalued, trading at a discount to the assets' valuation.
CONTACT: Christine Dutreil of CGIP, 011-331-42-85-30-00/
25, respectively, resulting in total gross proceeds to CGIP
Assuming all of the shares registered are sold (including over-allotments), following the offerings, CGIP
will own Crown Cork & Seal common and preferred stock representing approximately 10.
de Wouters has been a Director of CGIP
since 1984 and had been Deputy Chairman of the Supervisory Board of CarnaudMetalbox.
As part of the agreement, CGIP
will elect to exchange its CMB shares for the equity securities pursuant to the Offre Publique d'Echange (OPE).
A spokeswoman for CGIP
called the Valeo stake a 'strategic, long-term investment'.
CGIPS Principles is the latest offering made available through VCampus' innovative Select Partner(TM) Program and was jointly developed with CFA Institute, the 79,000-member, non-profit professional association that administers the CGIPS and Chartered Financial Analyst(R) (CFA(R)) curriculum and examination programs worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry.
With VCampus at the helm of the CGIPS project, the combined talents of VCampus, Avectra, and Pearson VUE will provide a global solution to the investment performance community's growing demand for professional excellence," said Philip Lawton, CFA, Director of the GIPS Certification Program.
Beginning March 2006, CGIPS exams will be available throughout the Pearson VUE-owned and -operated global network of more than 230 Pearson Professional Centers supplemented by another 170 Pearson VUE(R) Authorized Center Select test centers around the world.
CFA Institute also today announced the formation of an independent Advisory Council that will provide guidance on CGIPS program policies.