Is There Likely to be Another Bidder and Who Might Be Interested?
We believe that there is a reasonable chance that another bidder emerges to acquire Astral and handicap Rogers and Corus as the most likely in that regard. There is some potential for other BDUís to bid for Astral but factors unique to each of those companies make it somewhat less likely, in our view. We outline the potentially interested parties and some factors that make them more or less likely to bid for Astral in Exhibit 2.
It is relevant to note that while Astral was in negotiations with BCE it received two takeover offers in addition to the one from Bell.