FX.co ★ BCE Advises Shareholders Not Tender Shares To TRC Capital's Mini-tender Offer

BCE Inc. (BCE.TO, BCE) has announced that it received notification of an unsolicited mini-tender offer from TRC Capital Investment Corporation. This offer aims to acquire up to 2.5 million BCE common shares, representing approximately 0.3% of the company's outstanding common shares, at a price of C$43.40 per share, which is below the current market value. BCE strongly advises its shareholders against tendering their shares in response to this unsolicited offer. Additionally, the company reminded shareholders who have already tendered their shares that they have the option to withdraw them at any time before 11:59 p.m. on July 25, 2024.

BCE reiterated that the mini-tender offer is priced below the market value of BCE common shares.