Corporate transactions and plans of arrangement
Nortel distribution - May 1, 2000
We have compiled the following questions and answers from questions frequently asked to BCE’s Investor Relations department. You should also read the Notice of Application and Joint Arrangement Circular of BCE/Nortel (PDF 1,2 MB), regarding the transaction in the Annexes attached thereto and the documents incorporated therein by reference. Certain terms used below are defined in the Glossary of Terms in the Circular.
- How do I determine the cost base of shares of BCE and new Nortel?
- What is the tax impact of the Arrangement?
- Why was this Arrangement (BCE's proposal to distribute Nortel shares) proposed and approved?
- When was the cut off date for buying BCE common shares and benefiting from the distribution of new Nortel shares on the Toronto Stock Exchange and the New York Stock Exchange?
- Were all BCE shares eligible to receive the new Nortel shares and how did the Nortel 2-for-1 stock split affect shareholders?
- How was the number 0.785193 (1.570386 after the Nortel stock split of May 5, 2000) of a new Nortel common share derived by BCE?
- What did BCE common shareholders need to do to receive new Nortel common shares and what happened if they were entitled to receive a fractional share?
- What was the impact of the distribution on the market price of BCE common shares and how can I obtain a copy of the Joint Arrangement Circular?