Science & Technology
Wed, March 16, 2011Tue, March 15, 2011Mon, March 14, 2011Fri, March 11, 2011Thu, March 10, 2011Wed, March 9, 2011Tue, March 8, 2011Mon, March 7, 2011Sun, March 6, 2011Sat, March 5, 2011Fri, March 4, 2011Thu, March 3, 2011Bell Aliant files final prospectus
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Published in Science and Technology on Tuesday, March 8th 2011 at 9:20 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
/THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
HALIFAX, March 8 /CNW/ - Bell Aliant Inc. ("Bell Aliant") (TSX:BA) announced today that Bell Aliant Preferred Equity Inc. has filed a final prospectus with securities regulators in each of the provinces and territories of Canada for its previously announced offering of 10,000,000 Cumulative 5-Year Rate Reset Preferred Shares, Series A (the "Series A Preferred Shares") at a price of $25.00 per share for gross proceeds of $250 million. The offering is now scheduled to close on or about March 15, 2011, subject to certain conditions. The syndicate of underwriters, led by BMO Capital Markets and Scotia Capital Inc., has been granted an over-allotment option, exercisable up to 30 days after closing, to purchase an additional 1,500,000 Series A Preferred Shares at the offering price.
Forward-looking Statements
This news release contains forward-looking statements concerning the scheduled closing of the offering of Series A Preferred Shares. These statements are based on the current terms of the underwriting agreement and management's expectations at March 8, 2011. The statements are subject to important risks and uncertainties. Therefore, actual results and events may differ materially from these forward looking statements, and there can be no assurance that the results or events predicted will be realized. Except as may be required by Canadian securities laws, Bell Aliant disclaims any intention and assumes no obligation to update or revise any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.
The Series A Preferred Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons absent registration or applicable exemption from the registration requirement of such Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under the securities laws of any such jurisdiction.
About Bell Aliant
Bell Aliant Inc. (TSX:BA) is one of North America's largest regional communications providers and the first company in Canada to cover an entire city with fibre-to-the-home (FTTH) technology with its FibreOP(TM) services. Through its operating entities it serves customers in six Canadian provinces with innovative information, communication and technology services including voice, data, Internet, video and value-added business solutions. Bell Aliant's employees deliver the highest quality of customer service, choice and convenience. For more information, visit [ www.bellaliant.ca ].
