Competition Bureau gives okay to Bell Aliant's proposed takeover of Amtelecom

HALIFAX – The Competition Bureau has given the go-ahead to Bell Aliant’s proposed acquisition of Amtelecom Income Fund. After review, the federal body said it has no grounds to challenge the acquisition. But Amtelecom Income Fund’s board of trustees is urging shareholders to reject the hostile takeover bid filed last month by Bell Aliant Regional Communications, as reported last week on cartt.ca. The Amtelecom board is actively looking for other bids. “We are pleased with this positive development in our efforts to complete this acquisition,” said Bell Aliant president and CEO Stephen Wetmore on the Competition Bureau’s ruling. “We have...