BCE, Astral Set To Forge New Takeover Pact

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.

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