BCE Inc, Canada's largest telecommunications company, said it would purchase its mobile products distributor, Glentel Inc, for about C$594 million ($520 million) in cash and stock. Glentel's shareholders will receive C$26.50 per share, which represents a 108 percent premium to its Thursday close on the Toronto Stock Exchange.Including net debt and minority interest of about C$78 million, the deal is worth about C$670 million.($1 = 1.1417 Canadian dollars)
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE remained unchanged at $47.04. In the past year, the shares have traded as low as $40.60 and as high as $47.99. On average, 890915 shares of BCE exchange hands on a given day and today's volume is recorded at 100.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 0.87% or $0.46/share to $53.33. In the past year, the shares have traded as low as $44.75 and as high as $54.24. On average, 1607300 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 689845.
GLENTEL Inc. is a Canada-based company. It operates in three segments: Retail Canada Division, Retail US Division and Business Division. Shares of GLN traded higher by 0.31% or $0.04/share to $12.75. In the past year, the shares have traded as low as $9.31 and as high as $14.74. On average, 29452 shares of GLN.TO exchange hands on a given day and today's volume is recorded at 38070.
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