BCE To Acquire Astral Media - BCE (NYSE:BCE)

27% profit every 20 days?

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BCE Inc (NYSE: BCE) announced its plans to buy Astral Media Inc (OTC: AAIAF) for C$50 per common share, or around $2.8 billion. The offer price represents a 39% premium over Astral Media's closing price on Thursday. BCE will also acquire all Class B Subordinate Voting Shares for C$54.83 per share, or around C$151 million, and all Special Shares for a total consideration of C$50 million. The deal includes a net debt of about $380 million.BCE shares dropped 0.92% to $40.01 in pre-market trading.

27% profit every 20 days?

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