BCE (TSE:BCE) has released an update.
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BCE Inc. advises shareholders to dismiss TRC Capital’s unsolicited mini-tender offer to buy up to 2.5 million BCE common shares at a price below the current market value. The offer is significantly lower than the recent closing prices on the Toronto and New York Stock Exchanges, and shareholders are urged to consult their advisors and exercise caution. Mini-tender offers like these typically circumvent regulatory protections and have been cautioned against by securities authorities in both Canada and the U.S.
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