NL Short Takes
News | 06/19/2000 4:00 am EDT
Jean Monty hints that BCE may reduce price for Teleglobe
Telecom giant BCE Inc says it is holding talks with the independent committee of the Teleglobe Inc board of directors to discuss the offering price for outstanding shares. Offhand remarks by BCE CEO Jean Monty in New York about seeking a lower price led to a run on Teleglobe and BCE shares on the stock market. BCE originally offered $9.6 billion for the rest of Teleglobe.