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Bell Aliant Inc BLIAF



GREY:BLIAF - Post by User

Post by canucktravellerson Sep 22, 2014 11:35am
169 Views
Post# 22958291

Bell is short the 90% & have extended the offer until Oct 2

Bell is short the 90% & have extended the offer until Oct 2According to this shareholders who have given the OK to transfer their shares via cash, BCE shares, etc. can take them back....will BCE offer more than to close this?....I think they may have opened a can of worms....must be some big time funds playing this for more money...ya think????? https://www.bellaliant.ca/english/news/view_art.asp?id=2309 Additionally, BCE has extended the common share offer, in accordance with its terms, to 5:00 pm Eastern on October 2, 2014 in order to enable holders of common shares who have not yet tendered to deposit their shares to the offer prior to the completion of the privatization of Bell Aliant. BCE expects to take up and accept for payment all common shares tendered in the extension and deposit payment for such shares with CST Trust Company on or before October 7, 2014. Holders of common shares who have validly deposited and not withdrawn their shares do not need to take any further action to accept the offers. If at least 90% of the publicly held common shares of Bell Aliant are tendered to the offer following its extension, BCE intends to acquire the balance of the common shares not tendered through compulsory acquisition on or about October 31, 2014, as described in the offer and circular dated August 14, 2014. If less than 90% of the publicly held common shares are tendered by October 2, 2014, BCE intends to effect, and will hold sufficient votes to approve, a subsequent acquisition transaction to acquire the remaining common shares at a meeting of Bell Aliant shareholders to be held on October 31, 2014. BCE also intends to effect, and will hold sufficient votes to approve (at a meeting of Prefco shareholders to be held on October 31, 2014), a subsequent acquisition transaction to acquire the remaining preferred shares.
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