Friday, October 19, 2012

Reuters: Global Markets: Astral shares plummet after BCE buy blocked

Reuters: Global Markets
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Astral shares plummet after BCE buy blocked
Oct 19th 2012, 13:54

Bell Canada Enterprises (BCE) president and chief executive officer George Cope (L) and Ian Greenberg (R), president and chief executive officer of Astral Media Inc., speak at a news conference in Montreal in this March 16, 2012 file photo. Canada's broadcast regulator blocked BCE Inc's C$3 billion ($3.05 billion) takeover of Astral Media on October 18, declaring it would have given the Canadian media giant too much power.

Credit: Reuters/Christinne Muschi/Files

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