BCE wraps up $862M bought deal equity offering

MONTREAL – BCE announced the closing of its bought deal common share offering announced last month, including the full exercise of the over-allotment option.The syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, together with CIBC World Markets, National Bank Financial and TD Securities, fully exercised the over-allotment option to purchase an additional 1,971,000 BCE common shares at the offering price of $57.10 per share. Including the exercise of the over-allotment option, BCE sold an aggregate of 15,111,000 common shares for total gross proceeds of $862.84 million.The company said last month that the net proceeds of the...