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CRTC chairman Jean Pierre Blais comments Thursday after the regulator blocked the BCE-Astral merger.
CRTC chairman Jean Pierre Blais comments Thursday after the regulator blocked the BCE-Astral merger.
(Dave Chan For the Globe and Mail)

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What is Astral worth in a breakup?

If regulators won’t let BCE Inc. buy Astral Media, the most likely outcome is a breakup that won’t generate as much value for shareholders, Scotia Capital estimates.

In a report published after BCE’s plan to buy Astral for $50 a share was quashed by the national broadcast regulator, Scotia estimates the breakup value of Astral at about $46 per share.