BCE Successfully Completes Offer To Aliant Shareholders.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 24, 2000 BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BCE.)(VSE See DOS/VSE. VSE - Virtual Storage Extended :BCE.)(ME:BCE.)(NYSE NYSE See: New York Stock Exchange :BCE) today announced that an estimated 31.2 million common shares have been tendered by shareholders of Aliant Inc. under BCE's offer to purchase up to 15.8 million of the outstanding common shares of Aliant at a price of $27.50 per share dated December 21, 1999, which expired on January 21, 2000 at 5:00 o'clock p.m. (local time at place of deposit). On the basis of the estimated number of shares tendered, approximately 50.6% of the shares tendered by each shareholder would be taken up under the offer. Once the actual number of shares validly tendered under the offer has been established, BCE will announce the final prorata factor and will take-up and pay for the shares in accordance with delays prescribed by applicable securities legislation. Official acceptance of shares tendered is expected to be on January 27, 2000, with payment occurring no later than January 31, 2000. The shares to be acquired by BCE, together with the shares owned by Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for , will represent approximately 53% of the outstanding common shares of Aliant on a fully-diluted basis. BCE is Canada's largest communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . Through its operations in communications services, BCE provides residence and business customers in Canada with wireline and wireless telecommunications products and applications, satellite communications and direct-to-home television services, systems integration expertise, electronic commerce solutions, Internet access See how to access the Internet. and high-speed data services, and directories. Abroad, through Bell Canada International's investee companies, BCE provides communications services to more than 5 million customers in Asia and Latin America. BCE also has an extensive international presence through its ownership in Nortel Networks, a global leader in the design and building of communications networks, as well as through Teleglobe, an international telecommunications carrier. BCE shares are listed in Canada, the United States and Europe. |
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