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MANITOBA TELECOM T.MBT

"Manitoba Telecom Services Inc provides broadband & converged IP, unified communications, information solutions, security & home alarm monitoring. It also offers local access & long distance & data services to residential & business customers in Manitoba."


TSX:MBT - Post by User

Comment by MOJOJONOon May 02, 2016 10:32pm
308 Views
Post# 24835235

RE:RE:RE:RE:RE:Buy at 38.00

RE:RE:RE:RE:RE:Buy at 38.00Lots of what ifs, but the real hurdle is if government allows for BCE to bulk up further.


Assuming it goes through being able to get pure  cash is not a sure thing for investors:

"MTS shareholders will be able to elect to receive $40.00 per share in cash or 0.6756 of a BCE common share for each MTS common share, subject to proration, such that the aggregate consideration to be paid to MTS shareholders will be 45% in cash and 55% in BCE common shares."

- https://web.tmxmoney.com/article.php?newsid=86775513&qm_symbol=MBT

Essentially, they have a limited amount of cash and shares available for the deal. Most people will likely take cash. There wouldn't be enough cash to go around, so they'll prorate the deal so people will get a mix 45% cash and 55% BCE shares.

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