Telecom conglomerate BCE Inc. is offering to buy home security firm AlarmForce Industries Inc. for $166 million. The deal, announced after stock markets closed on Monday, would see BCE offer $16 a share for AlarmForce, one of Canada's leading home security firms with 100,000 customers for services such as intrusion alarms and smoke, flood and carbon monoxide detection. "It's a natural next step for Bell as one of Canada's most trusted brands in residential services," Cope said. At $16 a share, Bell's offer is a 71 per cent premium to where the shares were on Monday before the deal was announced. In lieu of cash, AlarmForce shareholders can elect to receive their compensation in the form of BCE shares.

Source: CBC News November 07, 2017 14:25 UTC