GREY:BLIAF - Post by User
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canucktravellerson Aug 14, 2014 8:13pm
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2014 08 14 BCE formally launches offer
2014 08 14 BCE formally launches offerThursday, August 14, 2014 BCE formally launches offers to purchase all outstanding Bell Aliant common shares and to exchange all outstanding Bell Aliant preferred shares See here: https://www.bellaliant.ca/english/news/view_art.asp?id=2303 Important statement: Under the terms of the common share offer announced on July 23, 2014, each Bell Aliant shareholder can elect to receive consideration per common share of either (a) $31.00 in cash, subject to pro-ration; (b) 0.6371 of a BCE common share, subject to pro-ration; or (c) $7.75 in cash and 0.4778 of a BCE common share. Definition of pro-ration: Definition of 'Proration' A situation during a corporate action in which the available cash or shares are not sufficient to satisfy the offers tendered by shareholders. Therefore, a proportion of both cash and shares is granted for each offer tendered.