MTS shareholders urged to vote yes for BCE merger

WINNIPEG - An independent proxy advisory research firm is recommending that MTS shareholders vote in favour of BCE’s proposed $3.9 billion acquisition of the regional player.Institutional Shareholder Services (ISS) offered the recommendation in a report released Tuesday. The special meeting of MTS shareholders will take place June 23 at the Fort Garry Hotel in Winnipeg, and the MTS Board of Directors has unanimously recommended that shareholders vote to approve the deal.“A vote FOR is warranted based on a review of the terms of the transaction, in particular, the implied premium and the reasonable strategic rationale”, ISS said in the report. “Shareholders have the flexibility to...