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Logica in talks to take control of CMG.

Europe Intelligence Wire

| August 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FT Investor (Pulses))

Logica , the UK IT services group, said on Tuesday it was in discussions to buy its rival CMG in a bid to generate cost savings and boost its mobile messaging operations. CMG shares soared almost 43 per cent to 57p in late morning trade and Logica shares shrug off early losses to trade more than 3 per cent firmer at 129. The group said any transaction would be ...

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