On March 27, 2017, as part of BCE’s internal reorganization of MTS, MTS amalgamated with a wholly-owned subsidiary of BCE. The proration was only applied to the cash consideration option. The table below indicates the entitlement received by MTS shareholders for each MTS common share. IMPORTANT: the right to tender MTS shares will expire on March 16, 2023. BCE funded the approximate $1.34 billion cash component through debt financing and issued 27,642,714 BCE common shares to fund the equity component. The aggregate consideration of approximately $2.9 billion paid to MTS shareholders was 45% in cash and 55% in BCE common shares. pm eastern time on Mawas deemed to have elected to receive, for each MTS common share, the cash consideration, subject to proration and rounding.
Shareholders could only elect to receive the cash consideration or the share consideration for all their shares shareholders could not elect to receive a combination of cash and shares.Īny MTS shareholder who did not properly make an election by 5 p.m. The share consideration was based on BCE's 20-day volume weighted average price of $59.21 on Ap(the last trading day prior to the announcement of the transaction). 0.6756 of a BCE common share, subject to proration (the share consideration).$40.00 in cash, subject to proration (the cash consideration) or.As specified under the plan of arrangement, MTS shareholders were entitled to elect and receive, for each MTS common share held, either: