GREY:GLNIF - Post by User
Post by
ascii2on Jan 12, 2015 9:31pm
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Post# 23311848
Security Holders approve aquisition by 99.99%
Security Holders approve aquisition by 99.99%
Here is the link
https://www.stockhouse.com/news/press-releases/2015/01/12/glentel-securityholders-approve-acquisition-by-bce
Next step is court approves it on 14th of January 2015
USA has no objection to the deal. Last step is competition bereau and application had been filed. So i dont see any issue there. Those who choose cash will get $26.50 per share and those who choose BCE shares will get approx 0.5 share for every GLN share. At todays price of $54.88 that makes deal worth $27.25 per share in terms of BCE. If more shareholders opt for cash or shares it will be proportionate so that 50% cash and 50% shares get distributed. BCE will get to keep their cash since Roger is paying 50% in terms of cash. If BCE shares go up further as the 5 year graph suggests then GLN deal gets better for those shareholders.
GLTA