Wireless News
11-28-2014, 11:10 AM
(Reuters) - BCE Inc , Canada's largest telecommunications company, said it would buy mobile phone retailer Glentel Inc for about C$594 million ($520 million) in cash and stock. Glentel's shareholders will get C$26.50 per share, which represents a 108 percent premium to its Thursday close on the Toronto Stock Exchange. Glentel's shares were trading at C$26.15 on Friday morning. Including debt and a minority interest, the deal is valued at about C$670 million. Burnaby, British Colombia-based Glentel sells mobile phones under the WirelessWave/Wave Sans Fil, Tbooth wireless and WIRELESS etc. ...
More... (http://news.yahoo.com/canadas-bce-buy-mobile-products-distributor-c-594-140542587--finance.html)
More... (http://news.yahoo.com/canadas-bce-buy-mobile-products-distributor-c-594-140542587--finance.html)