Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called the "undisturbed share price," or the price before BCE put itself up for sale. BCE shares closed at C$40.34 on the Toronto Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," BCE said, adding that it expected the deal to close in the first quarter of next year.


Read more at Reuters.com Mergers News

Independent News & Media says H1 revenue up 3 pct

(Reuters) - Irish newspaper publisher Independent News & Media said on Friday it expected first-half group revenue to be about 3 percent higher than a year earlier.

The company said in a trading statement that circulation revenue was expected to have risen 2 percent in the six months to the end of June while advertising revenue was set to come in 5 percent higher year on year.


Read more at Reuters Africa