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VisitHow will BCE's stock price change from acquisition announcement to one month post-completion?
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Stock market data from exchanges like NYSE or TSX
BCE to Acquire Ziply Fiber for $5 Billion, Pauses Dividend Increases Amid Varied Valuations
Nov 4, 2024, 01:50 PM
Canada's largest telecom firm, BCE, has agreed to acquire U.S. internet provider Ziply Fiber for approximately $5 billion. This acquisition marks a significant move into the U.S. market for BCE. The company plans to use about $4.2 billion in net proceeds from the sale of its stake in Maple Leaf Sports & Entertainment to help finance the deal. Additionally, BCE has announced that it will pause dividend increases following the acquisition. Reports also indicate varying figures for the acquisition, including $3.5 billion, $3.6 billion, and $3.65 billion.
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