Bragg makes an offer for Amtelecom
AYLMER, Ont. - Bragg Communications, owner of eastern cableco EastLink has made an offer to purchase Amtelecom Income Fund, the two companies announced this morning. Bragg "announced today that they have entered into a definitive support agreement pursuant to which Bragg Communications will offer to acquire all of the outstanding units of Amtelecom by way of a take-over bid for $14.25 in cash per unit," says the press release. "The offer represents a 26.7% premium over the closing price of the units on February 15, 2007 (the day prior to the announcement by Bell Aliant Regional Communications Income Fund ("Bell...
To view the full content, please sign up for a subscription.
Already a member? Log in.