Topic: Growth Stocks

The Successful Investor Hotline – Friday, June 24, 2016

Article Excerpt

PLEASE NOTE: Due to the Canada Day holiday, our next Hotline will go out on Thursday, June 30, 2016. BCE INC., $59.89, Toronto symbol BCE, is Canada’s largest provider of landline telephone service, with 6.6 million customers in Ontario, Quebec and the Atlantic provinces. It also sells wireless services to 8.2 million users across Canada, and has 3.4 million high-speed Internet users. In addition, the company has 2.7 million TV subscribers and owns television and radio stations. BCE recently agreed to acquire MANITOBA TELECOM SERVICES INC., $37.50, Toronto symbol MBT; it has 1.3 million telephone and wireless customers in Manitoba. This week, shareholders of Manitoba Telecom voted 99.66% in favour of the takeover. Including Manitoba Telecom’s $800 million debt, the deal is worth $3.9 billion. That’s equal to 7% of BCE’s current market cap of $52.5 billion. The company is offering $40.00 cash for each MBT share investors hold. Or, Manitoba Telecom shareholders can choose to receive 0.6756 of a share in BCE…