Antitrust Cop OKs $3.4B BCE-Astral Deal With Divestitures

Law360, New York (March 4, 2013, 7:46 PM EST) -- Canadian telecom giant BCE Inc.'s planned $3.4 billion merger with Montreal-based Astral Media Inc. leapt ahead Monday after Canada's Competition Bureau gave its blessing to the deal on the condition that the companies jettison some radio stations and television services.

"This positive news from the Competition Bureau is a major step forward in uniting Astral and Bell, and delivering on our promise to grow investment and competition in Canadian broadcasting," BCE CEO George Cope said in a statement Monday. "This decision preserves the tremendous value the...
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