Amtelecom board urges rejection of "opportunistic" offer and is looking for other suitors

AYLMER, Ont. – Amtelecom Income Fund's board of trustees has urged its unitholders to reject a hostile takeover bid filed last month by Bell Aliant Regional Communications. In a trustees circular to be mailed today, the board was unanimous in its rejection and told its shareholders it is actively looking for other bids. "Amtelecom and its financial advisor are engaged in discussions with a number of parties which have expressed an interest in considering alternative transactions involving the Fund. As well, a number of parties have entered into confidentiality agreements and will be granted access to confidential data. The Board...