Call-Net raises Fonorola bid

Article Abstract:

Call-Net Enterprises Inc. of Toronto, Canada, has raised its unsolicited bid for Fonorola Inc. to C$1.78 billion in a move to deter prospective bidders. Call-Net originally offered C$1.6 billion for the long-distance telephone company. The sweetened offer is scheduled to expire at midnight June 26, 1998, the same date Fonorola will have to take out a shareholder rights plan and let shareholders tender their shares to an offer. Many investors believe that that C$7-per-share raise may not be enough to deter a bidding war for Fonorola.

Comment:

Raises unsolicited bid for Fonorola Inc to C$1.78 bil in a move to deter prospective bidders

Asset sales & divestitures, Wired Telecommunications Carriers, Telephone Communications, Long Distance Telephone Svc, Telephone services, Long distance telephone services, Call-Net Enterprises Inc., Article, Fonorola Inc.

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Bell buys all shares of Bell West

Article Abstract:

Montreal-based Bell Canada officially confirmed on February 2, 2004 that it would buy 40 percent of Calgary-based Bell West Inc. to provide its western arm with more resources as the company strengthens its national presence. Bell West sales for 2003 was estimated at about $450-million and it lost an estimated $100-million, however, the company is hoping to do better in 2004.

United States, Communications, Broadcasting and Telecommunications, Telephone Communication, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Company acquisition/merger, Communications industry, Bell Canada, Bell West

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