BCE & Astral Extend Merger Closing Date to Dec. 16

BCE and Astral will buy some time by extending the closing date of the proposed merger to December 16th. With last week’s CRTC ruling denying regulatory approval for the $3.4 billion merger, BCE is pulling out the stops. Another option still available is appealing the decision to the Federal Court of Appeal. Interestingly, Rogers was […]

CRTC Blocks BCE-Astral Merger

The head of the CRTC said the proposed merger between BCE and Astral Media is not a good deal for Canadians. Therefore, Jean-Pierre Blais has denied BCE the right to acquire Astral for $3.4 billion. “We had grave concerns that BCE would be able to use its market power in an unfair manner and to […]