BCE announces $750M bought deal offering

MONTREAL – BCE is selling 13.1 million shares to a set of underwriters in an effort to raise $750.3 million.BCE also authorized the underwriters, led by BMO Capital Markets and RBC Capital Markets, together with CIBC World Markets, National Bank Financial and TD Securities, to buy up to an additional 15% to cover overallotments. Should the over-allotment option be fully exercised, the total gross proceeds of the offering will be $862.8 million.The company said late Monday that the net proceeds of the offering will be used for general corporate purposes including reducing financial leverage. The offering is expected to close...