Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Sadif Analytics Prime
Provider: Reuters Investment Profile
Provider: Wright Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Manitoba Telecom Services Inc Upsizes Bought Deal Financing to Approximately $249 Million of Common Shares

Tuesday, 19 Nov 2013 05:32pm EST 

Manitoba Telecom Services Inc announced that it has upsized the previously announced "bought deal" financing agreement to 8,855,000 common shares of the Company ("Common Shares") to be issued at a purchase price of $28.10 per Common Share, for gross proceeds of $248,825,500 (the "Offering"). There will be no over-allotment option on the Offering. The net proceeds from the Offering will be approximately $238 million, determined after deducting the underwriters' commission but prior to expenses of the Offering. The Company intends to use the net proceeds from the Offering to fulfill future pension funding obligations (including prefunding its solvency deficit and other potential future pension liabilities) and for general corporate purposes. The Offering is scheduled to close on or about December 6, 2013. 

Company Quote

18 Dec 2014