First Consulting Group to be acquired by Computer Sciences Corp. for $365M

IT services company Computer Sciences Corp. (NYSE: CSC), said this morning that it will acquire First Consulting Group, Inc. (Nasdaq: FCGI) in an all-cash transaction for $13 per share, or approximately $365 million in aggregate.

“CSC is at the forefront of the global IT services industry and a very strong player in the health-care IT space, and adding FCG's deep health-care and life sciences domain knowledge and history to the CSC family makes for a compelling combination,” First Consulting Group’s CEO, Larry Ferguson, said in a press release.

First Consulting Group provides information technology services and products to health delivery, health plan and life sciences organizations.

Shares of First Consulting Group (FCGI) bolted 27.25%, or $2.72, to $12.70 at 10:49 a.m. ET. Shares of First Consulting Group have been trading in the range of $8.24 to $14.45 for the past 52 weeks. 

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