BGM deal done means $1.3 billion for Bell; new board unveiled

TORONTO – After passing the Competition Bureau and CRTC tests, Bell Globemedia announced today that it has completed the closing of its new ownership structure.The CRTC approved the new ownership structure on July 21st and on August 18th the Competition Bureau rubber-stamped it. The decisions clear the way for BGM to implement the changes to its ownership structure announced on December 2nd of last year, including the investment by each of Ontario Teachers' Pension Plan (OTPP) and Torstar Corporation, and the increased investment of Woodbridge Corp. All three purchased stakes from Bell Canada Enterprises for a total of $685 million....