Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, December 26, 2014

Takeover Digest- Canada- Dec 26, (NYSE: BCE), (TSE: BCE.TO), (TSE: GLN.TO)

The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL** Two of Canada's largest telecom giants have reached a deal over control of wireless phone retailer Glentel Inc . A news release from BCE Inc issued late Wednesday says it has reached an agreement with Rogers that will see each company own 50 per cent of Glentel. (bit.ly/1wMR82k)** In the coming days, the Ontario government will unveil details of the new Jobs and Prosperity Fund, rolling all existing corporate handouts into one C$2.5-billion ($2.15 billion) program. But economists warn it is not clear the province does the rigorous analysis necessary to see if those subsidies are working. (bit.ly/1AQpCCf)

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 0.04% or $0.02/share to $45.95. In the past year, the shares have traded as low as $40.60 and as high as $47.99. On average, 960019 shares of BCE exchange hands on a given day and today's volume is recorded at 399110.

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 0.02% or $0.01/share to $53.42. In the past year, the shares have traded as low as $45.09 and as high as $54.24. On average, 1689230 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 318072.

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 1.85% or $0.42/share to $23.09. In the past year, the shares have traded as low as $9.31 and as high as $26.20. On average, 81084 shares of GLN.TO exchange hands on a given day and today's volume is recorded at 38227.



Source