BCE to acquire Astral Media for $3-billion
susan krashinsky Published Friday, Mar. 16, 2012 7:40AM EDT updated 8:29AM EDT
BCE Inc. (BCE-T40.06-0.12-0.30%) has struck a $3-billion deal to acquire Astral Media Inc. (ACM.A-T36.250.350.97%), boosting the media content of the telecommunications giant in Quebec and positioning Bell better against Montreal-based media and telecom rival Quebecor Inc. (QBR.B-T35.93-0.37-1.02%). The two companies announced the $50-a-share cash-and-stock deal Friday, valuing it at about $3.38-billion, including debt of $380-million.
susan krashinsky Published Friday, Mar. 16, 2012 7:40AM EDT updated 8:29AM EDT
BCE Inc. (BCE-T40.06-0.12-0.30%) has struck a $3-billion deal to acquire Astral Media Inc. (ACM.A-T36.250.350.97%), boosting the media content of the telecommunications giant in Quebec and positioning Bell better against Montreal-based media and telecom rival Quebecor Inc. (QBR.B-T35.93-0.37-1.02%). The two companies announced the $50-a-share cash-and-stock deal Friday, valuing it at about $3.38-billion, including debt of $380-million.
