Pursuant to the previously announced business combination agreement under which each of Edgewater Technology and Alithya Group will become wholly-owned subsidiaries of Alithya Group, the Edgewater board declared a conditional special cash dividend, payable to holders of record of Edgewater common stock as of October 31, in the amount of $1.15 per share of Edgewater common stock. If the business combination is by then completed, the special cash dividend will become payable on or about November 9, 2018. The special cash dividend will be paid only if the business combination is completed. Completion of the business combination is subject to certain conditions including, among others, approval by the shareholders of each of Edgewater and Alithya, approval of New Alithya's applications for listing its shares on the NASDAQ Global Market and the Toronto Stock Exchange, and approval by the Superior Court of Quebec. There can now be no assurance that these listing applications will be approved or the other closing conditions satisfied.
Diebold Nixdorf (DBD) announced the appointment of Jeffrey Rutherford, as interim CFO, effective immediately. He replaces Chris Chapman, who is leaving the company to pursue other opportunities. The company has engaged a national firm to conduct a search for a permanent chief financial officer, and Chapman will provide support in an advisory capacity to assist with the transition. Rutherford has a 35-year career in corporate finance and accounting, with over 20 years in senior leadership roles. He joins the firm from Edgewater Technology (EDGW), a leading technology consulting firm, where he will continue to serve as Chairman through Edgewater's previously announced merger.