Reuters: Regulatory News: Astral, BCE submit new takeover application to regulator

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Astral, BCE submit new takeover application to regulator Nov 19th 2012, 13:18 Mon Nov 19, 2012 8:18am EST Nov 19 (Reuters) - Astral Media Inc and its suitor BCE Inc said on Monday they have filed a revised application for approval of their proposed combination, after the first one was rejected by Canada's broadcast regulator. The Canadian Radio-television and Telecommunications Commission blocked BCE's C$3 billion ($2.99 billion) proposed takeover of Astral last month, saying it would give too much power to BCE - already the country's biggest telecoms company and owner of numerous TV and radio assets. The two companies did not provide details on the revised proposal, but said it addresses the commission's concerns and sets out the steps the companies would take to comply with the relevant viewership thresholds. Details of the new proposal will be made available by the CRTC when it launches its public consultation process on the application, the two companies said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions