Bell Aliant offers to take Nordiq private

MONTREAL – Two Canadian telecom income trusts would become one if the offer by Bell Aliant Income Fund to take Bell Nordiq Group is accepted by unit holders. This morning, Bell Aliant, which currently holds a 63.4% voting interest in Bell Nordiq, offered $4.75 in cash and 0.4113 of a Bell Aliant unit for each Bell Nordiq unit held. This represents a value of $19 per Bell Nordiq unit based on the closing price of Bell Aliant units on October 10, 2006. It's an approximate 8% premium over the volume weighted average price for the last five trading days of...