BCE – Agreed to Acquire Astral Media “A” for $50 per share.
March 16, 2012
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Before the market open this morning, BCE Inc., parent of Bell Canada, has agreed to acquire its largest content provider Astral Media for $3 billion Canadian Dollars. Astral has both “A” non-voting and “B” voting shares outstanding. BCE is buying “A” shares for $50 per share.
What was the model price for Astral Media (ACMA)?
Astral Media "A" with weekly price bars, EBV Lines (colored lines) and model price (dashed line)
Another piece of evidence showing the validity of model price being confirmed by independent arms length transactions.