BCE & Astral Set To Seal A More Modest Deal

by admin on November 19, 2012

BCE Inc. and Astral Media Inc. have reached an agreement on the key terms of a revised takeover deal that could be announced as early as Monday.

People familiar with the negotiations said late Sunday that BCE’s new offer will be close in value to the original $3-billion proposal that the two companies signed in March and the federal broadcast regulator rejected in October.

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