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BCE Inc formally launches offers to purchase all outstanding Bell Aliant common shares and to exchange all outstanding Bell Aliant preferred shares

Thursday, 14 Aug 2014 04:30pm EDT 

BCE Inc:Commence offer to purchase all of issued and outstanding common shares of Bell Aliant Inc., other than common shares held by BCE.Under terms of the common share offer announced on July 23, 2014, each Bell Aliant shareholder can elect to receive consideration per common share of either $31.00 in cash, 0.6371 of BCE common share, subject to pro-ration or $7.75 in cash and 0.4778 of a BCE common share.Concurrent with commencement of common share offer, BCE also initiated offer to exchange all of issued and outstanding preferred shares of Bell Aliant Preferred Equity Inc. (Prefco) for newly issued preferred shares of BCE, with the same financial terms as the existing Prefco preferred shares. 

Company Quote

0.42 +0.88%
12:04pm EDT