On July 23, 2014, BCE announced it would privatize Bell Aliant by acquiring the interest of Bell Aliant’s public minority shareholders.

On October 3, 2014, BCE announced the successful completion of its tender offer to purchase all outstanding Bell Aliant publicly held common shares.

On November 3, 2014, BCE announced the formal close of the transaction as BCE acquired all remaining Bell Aliant common shares not acquired under BCE’s tender offer through a compulsory acquisition effective October 31, 2014.

Bell Aliant common shares were de-listed from the Toronto Stock Exchange (TSX) on October 31, 2014.

Under the terms of BCE’s common share tender offer, which expired on October 2, 2014, Bell Aliant common shareholders could elect to receive either:

Cash Option ($31 in cash, subject to pro-ration)
Share Option (0.6371 of a BCE common share, subject to pro-ration)
Cash and Share Option ($7.75 in cash and 0.4778 of a BCE common share)