Posted on 07/02/07
BCE eyes $1.2-billion buyback program
BCE Inc., Canada's biggest telecoms company, is contemplating a share buyback worth about $1.2-billion, it said yesterday, as its seeks to deploy the proceeds from the sale of its satellite services business. BCE said it has filed notice to buy up to 40 million of its shares on the open market, representing about 5 per cent of its outstanding total. "BCE believes this is an appropriate use of funds available and that it will be beneficial to remaining shareholders."
The full text of this article has 82 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
