Asides

Bell is a “re-energized company” after failed buyout

Bouncing back after the $52 billion takeover bid was terminated, Bell announced they are reinstating its dividend at 36.5 cents per share quarterly to shareholders and said they will buy back about 40 million common shares. In addition, they wanted you to know they are a “re-energized company with a clear goal – to be recognized by customers as Canada’s leading communications company – and the customer-focused strategy and structure required to achieve it.”

George Cope, President and CEO of Bell and BCE said “Our enhanced operational performance in recent months confirms that Bell is competing as a cost-effective and customer-focused communications company.”