What happened to shareholders holding 150 or less common shares?
All shareholders holding 150 or less BCE common shares on the effective date (July 10, 2006) were entitled to receive a cash payment for the value of the Units sold at $33.386962. For example, a shareholder with 100 BCE common shares was entitled to receive cash for the equivalent of 7.25 Units. Assuming a selling price of $33.386962 per Unit, the shareholder would receive $242.055.
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- What happened to shareholders holding 150 or less common shares?