Bells bids for controlling stake of Atlantic Canada's Aliant
Article Abstract:
Bell Canada is expected to strengthen its position in Canada's Atlantic telephone market through its acquisition of a controlling interest in telephone firm Aliant Inc. Bell Canada's acquisition, if approved, will increase its ownership in Aliant from 41% presently to between 51% and 53%. Bell will pay $427 million for 15.8 million Aliant shares at $27 per share. The deal, which is contingent on regulatory approval, is expected to be finalized on Dec 31, 1999.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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PC Docs snubs Australian suitor
Article Abstract:
PC Docs Group International Inc of Toronto, Ontario, has turned down an unsolicited offer worth an estimated C$230 million from Sydney-based Solution 6 Holdings Ltd. Solution 6's offer was ironic considering that the company was a takeover target of PC Docs in 1998. PC Docs president Rubin Osten said Solution's 6 bid was rejected because the two companies were deemed not to be a good fit.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Comment about this article or add new information about this topic:
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