BCE recommends shareholders reject TRC Capital's below-market "mini-tender offer"

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[{"type":"text","content":"\n \n \n \n BCE recommends shareholders reject TRC Capital's below-market \"mini-tender offer\"\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n July 1, 2024\n \n \n /CNW/ - BCE Inc. (TSX: BCE) (NYSE: BCE) has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (TRC Capital) to purchase up to 2,500,000 BCE common shares, or approximately 0.3% of the company's outstanding common shares, at a below-market price of C$43.40 per share. BCE does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their shares to this unsolicited mini-tender offer.\n \n \n BCE cautions shareholders that the mini-tender offer has been made at a price below market price for the BCE common shares. TRC Capital's unsolicited offer price of\n \n C$43.40\n \n per share represents a discount of approximately 4.43% and 4.44%, respectively, to the closing price of the BCE common shares on the Toronto Stock Exchange and the New York Stock Exchange on June 24, 2024, the last trading day before the mini-tender offer was commenced.\n \n \n Shareholders are urged to obtain current market quotations for their shares, consult with their broker or financial advisor and exercise caution with respect to TRC Capital's unsolicited offer.  According to TRC Capital's offer documents, BCE shareholders who have already tendered their shares can withdraw their shares at any time before\n \n 11:59 p.m.\n \n (\n \n Toronto\n \n time) on\n \n July 25, 2024\n \n by following the procedures described in the offer documents.\n \n \n T...

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