Can Deere (DE) Run Higher on Rising Earnings Estimates?
Anonymouswhalebeings.com
May 2 (Reuters) - Canadian telecom and media company BCE Inc said it would buy Manitoba Telecom Services Inc for about C$3.1 billion ($2.5 billion) to expand its services in the western Canadian province. BCE will pay C$40 per share, which represents a premium of 22 percent to Manitoba Telecoms close on Friday. Montreal-based BCE will also assume the companys outstanding debt of about C$800 million. BCE said it would divest about one-third of Manitoba Telecoms postpaid wireless subscribers to Telus Corp following the completion of the deal. ($1 = 1.2517 Canadian dollars) (Reporting by Arathy S Nair in Bengaluru; Editing by Maju Samuel) View comments
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