(Reuters) - TORONTO, June 25 - Boutique investment bank Catalyst Asset Management Inc. said on Monday its exchange offer to recapitalize Canadian telecom giant BCE Inc. could be worth as much as C$52 a share.
Catalyst, which did not have any ownership in BCE as of Friday, has proposed an offer to exchange each BCE share for a new stapled security made up of debt and equity. It said it presented its offer to a special committee of BCE's board on Monday morning. Catalyst's executive managing director, Brent Fullard, has said he believes the deal is better than selling the telecom company, parent of Bell Canada, to private equity firms or merging it with rival Telus Corp. .
Read more at Reuters.com Mergers News
Catalyst, which did not have any ownership in BCE as of Friday, has proposed an offer to exchange each BCE share for a new stapled security made up of debt and equity. It said it presented its offer to a special committee of BCE's board on Monday morning. Catalyst's executive managing director, Brent Fullard, has said he believes the deal is better than selling the telecom company, parent of Bell Canada, to private equity firms or merging it with rival Telus Corp. .
Read more at Reuters.com Mergers News
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