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BCE completes acquisition of Bell Aliant

Media | 11/03/2014 3:06 pm EST

BCE Inc. said Monday that its acquisition of Bell Aliant Inc. is complete. It said that on Friday, it gained control through compulsory acquisition of the last 12 million shares of Bell Aliant that had not been tendered. Before announcing this $3.95-billion cash-and-stock purchase of 127.5 million Bell Aliant shares in July, BCE owned about 44 per cent of Bell Aliant and effectively controlled the company with the majority of seats on its board of directors. BCE said in a press release Monday that Dan McKeen, who has been Bell Aliant's senior vice-president of customer solutions, is now...