|
well it looks like the buyout is now official..
| quote: |

Nov. 8, 2004. 10:42 AM
Rogers declares Microcell success
96 per cent of shares tendered in $1.4B takeover
CANADIAN PRESS
Rogers Wireless Communications Inc. said today it has completed its $1.4-billion takeover of Microcell Telecommunications Inc., operator of the Fido mobile phone network.
The combination creates Canada's largest wireless carrier — eclipsing Bell Mobility — with 5.5 million customers across the country.
Rogers Wireless promises a "seamless transition and significant benefits" for Fido users, who it said will use their existing handsets and phone numbers.
Rogers said that as of Friday's expiry of its all-cash offer, Microcell investors had tendered 96 per cent of the class A restricted voting shares at $35 each, 92 per cent of the class B non-voting stock, also at $35, and just over 80 per cent of the outstanding share warrants.
The takeover received clearance last week from the federal Competition Bureau.
The friendly Rogers bid was endorsed by Microcell's board, which had resisted an earlier $1.1-billion unsolicited offer by Telus Corp.
"Now, more than ever, wireless customers across the country can count on Rogers' leadership in delivering innovative solutions and real choice in the Canadian communications market," stated Ted Rogers, president and CEO of Rogers Communications (TSX: RCI.NV.B), parent company of Rogers Wireless (TSX: RCM.RV.B).
Nadir Mohamed, president of Rogers Wireless, added that the expanded company "combines the nationwide strength of Rogers Wireless' network and brand with Fido's unique and well established brand and distribution channels. Together, we are now Canada's only wireless provider operating on the world standard GSM technology platform, meaning faster access to a wider array of new devices and services and the ability to travel the world with a single handset."
|
source:
http://www.thestar.com/NASApp/cs/Co...ol=968705923364
Official TAKEOVER FAQ can be found here:
http://shoprogersfaq.custhelp.com/c...&p_prod_lvl2=62
___________________
Palm Trees > Pine Trees , Sand > Snow
|