Saturday, June 30, 2007

Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called the "undisturbed share price," or the price before BCE put itself up for sale. BCE shares closed at C$40.34 on the Toronto Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," BCE said, adding that it expected the deal to close in the first quarter of next year.


Read more at Reuters.com Mergers News

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