Wednesday, December 28, 2011

BCE to buy back up to 2.1 million shares

BCE Inc. says it will buy and cancel up to 2.1 million of its common shares under private deals with an arm's-length third-party seller. The share buyback will be part of the company's plan to repurchase 6.5 million common shares over the next year, BCE said Wednesday. The company did not say how much it paid for the shares, which are worth about $87-million at current TSX prices.

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