Rogers to acquire Sprint Canada for $330 million

TORONTO - In a move designed to give it a huge jump-start into the local telephony market, Rogers Communications announced today a friendly takeover of Call-Net Enterprises, whose brand is Sprint Canada. The all-stock deal has been recommended by the Call-Net board. Surf back to www.cartt.ca for more on this deal once the principals meet the media.“Under the terms of the agreement, Call-Net Common and Class B shareholders will receive a fixed exchange ratio of one RCI Class B Non-voting share for each 4.25 outstanding shares of Call-Net, representing a fully diluted equity value of approximately $330 million,” reads this...