BCE Inc to buy Manitoba Telecom Services in $3.9-billion deal

BCE is offering $40 per share, about 45 per cent in cash and 55 per cent in stock

BCE Inc. is planning on expanding westward through a friendly agreement to acquire Manitoba Telecom Services Inc. for $3.9 billion.

Win Big With Our Small Cap Picks

 

The agreement will add Manitoba’s largest phone, Internet and wireless company to a Montreal-based telecommunication business that stretches across Canada. If the deal closes, BCE plans to make Winnipeg its new Western Canadian headquarters.

Read the full article at: business.financialpost.com