BCE gets enough stock from Aliant shareholders to take regional affliate private
MONTREAL – BCE Inc. (TSX:BCE) has received more than 90 per cent of the publicly held common shares of Bell Aliant (TSX:BA) and will now move to acquire the rest under a $3.95-billion privitization plan announced in July.
BCE had already owned 44 per cent of Halifax-based Aliant’s common stock. It offered to buy all of the Aliant shares it didn’t already own for $31 in cash, or a fraction of a BCE common share of similar value or a combination of cash and stock.
The Montreal-based parent of Bell Canada says it expects to pay for the tendered Aliant stock on Tuesday.
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