BCE, Astral Set To Forge New Takeover Pact

by admin on November 16, 2012

BCE Inc. and Astral Media Inc. are poised to announce a new takeover deal that seeks to overcome regulatory opposition with a plan to auction off a number of Astral’s English broadcast assets.

People familiar with the talks said the terms of the transaction have largely been finalized and a deal could be announced as early as Friday.

“There will be an Act Two here that will be workable,” said one person familiar with the discussions.

Read more here.

Share

Leave a Comment