what is happening with BCE stock; Aliant
- From: a_plutonium@xxxxxxxxxxx
- Date: 13 Jul 2006 13:52:14 -0700
I been following this stock somewhat, since I hold a sizeable portion.
Correct me if wrong on some of these details. BCE owns a subunit called
Aliant which is a cell phone carrier. And BCE decided to package
together Aliant and some of BCE into a spin off to its shareholders of
BCE common. They are seeking approval from Canada government to spin
off this Aliant subunit.
What I am confused about is that the price of BCE should now be about
$30 per share instead of today's price of about $23.
What am I not getting about this picture? Is it that the value of the
Aliant spinoff is about $7 in value and so $23 + $7 does equal $30?
If my memory is correct, BCE in the late 1990s doubled in price because
it spun-off Nortel. So why in the case of Aliant, has BCE not moved
upwards aggressively?
Archimedes Plutonium
www.iw.net/~a_plutonium
whole entire Universe is just one big atom
where dots of the electron-dot-cloud are galaxies
.
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