Astral Media shares halted pending announcement
(Reuters) - Shares of Astral Media Inc ACMa.TO ACMb.TO were halted by the Investment Industry Regulatory Organization of Canada on Friday, pending an announcement from the company.
The halt followed a newspaper report earlier in the day that Astral and its suitor BCE Inc BCE.TO, are poised to announce a new takeover deal that seeks to overcome regulatory opposition with a plan to auction off a number of Astral's English broadcast assets.
Spokesmen for the two companies declined to comment. (Reporting by Euan Rocha; Editing by Gerald E. McCormick)
© Thomson Reuters 2016 All rights reserved.