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Proxy advisors, Manitoba gov’t back Bell-MTS deal

telecom | 06/08/2016 5:50 pm EDT

An independent proxy advisory company has backed the takeover of Manitoba Telecom Services Inc. by BCE Inc., MTS said in a Tuesday press release. International Shareholder Services (ISS) is recommending MTS shareholders vote in favour of the $3.9-billion deal at their June 23 meeting in Winnipeg, the release said. According to the release, the recommendation was “based on a review of the terms of the transaction, in particular, the implied premium and the reasonable strategic rationale.” ISS also based its approval on the option...