Over 99.8% of shareholders accept the offer
MONTREAL May 24, 2012 Astral BCE Canada Business Corporations Act Arrangement Meeting
May 25, 2012 9:00 a.m.
Prior to the Meeting, Astral determined not to submit to a vote the ordinary resolution relating to the approval of an allocation to Astral’s President and Chief Executive Officer under the bonus and retention plan based on the proxies received prior to the Meeting.
This press release contains certain forward-looking statements relating to the proposed acquisition by BCE of all of the issued and outstanding shares of Astral. We disclaim any intention or obligation to update or revise any forward-looking statements. The completion of the above-mentioned proposed transaction is subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, court approval and any required regulatory approvals, including approval by the Canadian Radio-television and Telecommunications Commission (CRTC), Competition Bureau and Toronto Stock Exchange. Accordingly, there can be no assurance that the proposed transaction will occur, or that it will occur on the terms and conditions contemplated in this news release. The proposed transaction could be modified, restructured or terminated.
SOURCE ASTRAL MEDIA INC.