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...
The proposed $3.9-billion acquisition of Manitoba Telecom Services Inc. by BCE Inc. dominated question period in the Manitoba legislature this week, with the opposition NDP peppering the governing Conservatives with questions about their support of the merger for three straight days. “Hundreds of thousands of Manitobans are faced with seeing their cellphone rates rise dramatically. It’s clear the Premier’s done no due diligence,” Opposition MLA Jim Maloway said Thursday, according to a transcript. “Why won’t he stand up for Manitoba...