AlarmForce shareholders approve sale of company to BCE

TORONTO — AlarmForce Industries Inc. says its shareholders have approved the sale of the company to telecom and media giant BCE Inc. (TSX:BCE).

The deal, initially announced in early November, is worth about $166 million.

AlarmForce (TSX:AF) says it expects the agreement to be completed by Jan. 5, 2018, subject to customary closing conditions, including approval from the Ontario Superior Court of Justice.

When the deal was first announced, George Cope, the CEO of BCE and Bell Canada, says it would allow Bell to leverage its network in millions of Canadian homes in order to grow its position in security and automation services.

AlarmForce said the purchase price represented a 71 per cent premium to its closing share price of $9.34 on Nov. 6 and a 70 per cent premium to the 20-day volume weighted average price for the period ending Nov. 6.

Just Posted

US diplomat: Trump linked Ukraine aid to demand for probe

WASHINGTON — A top U.S. diplomat testified Tuesday that President Donald Trump… Continue reading

Boris Johnson inches toward securing Brexit but delay likely

LONDON — For a brief moment Tuesday, Brexit was within a British… Continue reading

Oilpatch market reaction muted after election of minority Liberal government

CALGARY — Investors in the oil and gas sector are shrugging off… Continue reading

Liberal search for dance partners: areas where Trudeau might find common ground

OTTAWA — The Liberals won more seats Monday than any other party,… Continue reading

Scheer says Canada more divided than ever, as NDP, Bloc hold cards close

REGINA — Conservative Leader Andrew Scheer offered the Liberals no help Tuesday… Continue reading

Your community calendar

Tuesday The Small Business Centre at Burman University’s School of Business invites… Continue reading

Raptors Bling: NBA champions receive their rings in pre-game ceremony

TORONTO — If the next-level size of the Toronto Raptors’ championship ring… Continue reading

US diplomat: Trump linked Ukraine aid to demand for probe

WASHINGTON — A top U.S. diplomat testified Tuesday that President Donald Trump… Continue reading

Boris Johnson inches toward securing Brexit but delay likely

LONDON — For a brief moment Tuesday, Brexit was within a British… Continue reading

Oilpatch market reaction muted after election of minority Liberal government

CALGARY — Investors in the oil and gas sector are shrugging off… Continue reading

Liberal search for dance partners: areas where Trudeau might find common ground

OTTAWA — The Liberals won more seats Monday than any other party,… Continue reading

Scheer says Canada more divided than ever, as NDP, Bloc hold cards close

REGINA — Conservative Leader Andrew Scheer offered the Liberals no help Tuesday… Continue reading

Louvre exhibit acclaims Da Vinci, 500 years after his death

EU-France-Da-Vinci code:6 Update:Updates with quotes, details, background adds byline. With AP Photos.… Continue reading

Most Read