(Reuters) - The investment banking and advisory firm said the proposed deal would be done through an exchange offer made by a Canadian corporation, Bidco, formed exclusively to make the offer. Bidco would offer one stapled security in exchange for each outstanding common share of BCE.
Each stapled security would consist of one underlying Bidco common share and one Bidco subordinated debt security. The combined dividends and interest per stapled security would be set at an initial annual rate of C$2.55, Catalyst said. This compares with BCE's current dividend of C$1.46 a share, it said.
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Each stapled security would consist of one underlying Bidco common share and one Bidco subordinated debt security. The combined dividends and interest per stapled security would be set at an initial annual rate of C$2.55, Catalyst said. This compares with BCE's current dividend of C$1.46 a share, it said.
Read more at Reuters.com Bonds News
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