MONTREAL-Bell Canada Enterprise Inc.’s board of directors adopted a shareholder rights plan designed to encourage the fair treatment of shareholders in connection with any takeover offer for the company.
The plan will provide BCE directors and shareholders with more time to fully consider any unsolicited takeover bid and will give more time for the board to pursue, if appropriate, other alternatives to maximize shareholder value.
If the plan is approved by shareholders at their annual meeting in April, it will expire at the close of the meeting in 2003.
