BCE Inc T.BCE

Alternate Symbol(s): BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | BCAEF | T.BCE.PR.F | T.BCE.PR.G | T.BCE.PR.H | BECEF | T.BCE.PR.I | T.BCE.PR.J | T.BCE.PR.K | BCEXF | T.BCE.PR.M | T.BCE.PR.N | T.BCE.PR.Q | T.BCE.PR.R | BCEIF | T.BCE.PR.S | T.BCE.PR.T | T.BCE.PR.Y | BCEFF | T.BCE.PR.Z | T.BCE.PR.L

Communication Services Telecom Services

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and voice plans and devices and are available nationally. Its wireline products and services comprise data (including Internet access, Internet protocol television (IPTV), cloud-based services and business solutions), voice, and other communication services and products, which are available to its residential, small and medium-sized businesses and large enterprises customers primarily in Ontario, Quebec, the Atlantic provinces and Manitoba. This segment includes its wholesale business, which buys and sells local telephone, long-distance, data, and other services from or to resellers and other carriers.

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BCE Inc

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Comment by factoryon Dec 04, 2008 6:27pm

569 Views

Post# 15628513

RE: LAWSUIT / rumour

Ya, more class actions than you can shake a stick at. But OTPP, Citigroup, and KPMG will bear the brunt of the suits related to the positive solvency opinion clause. They may be trying everything they can to suck up to BCE now because they know class action lawyers are chomping at the bit for this thing to fail.

So this rumour of a $10 dividend today, if based on a true proposal, may be just a way to assuage the shareholder's anger (so we don't sue BCE who would then sue OTPP consortium) . $10 to us + 20% preferred to them does not cut it. It will increase the risk of future dividend to us. Either I want the one-time $42.75 "dividend" or I want the $1.2B from OTPP consortium plus re-instatement of the smaller $1.46/yr dividend I can count on going forward.

IMO, if true the rumour is wishful thinking on the part of OTPP consortium and/or outright market manipulation by other parties so they could pump-and-dump it now to recoup some losses before next week.

Also someone on BNN said the rumour may have been floated to test the market reaction. Floated by who? Market manipulators. Who else? BCE and OTPP issue statements based on fact, not float rumours.

Did you see what happened to Nexen stock on Tuesday. Rumors of buyout from Total drove it up. Turned out to be false. Now trading lower than on Monday!

https://finance.google.ca/finance?q=nxy

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