Wieso ist die Nortel in Europa ausgesetzt?? - 500 Beiträge pro Seite

[JR_]

???????????????????????????????????????????????????????????

Will etwa keiner kaufen oder verkaufen???
Aber doch nicht an allen Börsen???
Da war doch iregendwas mit BCE, aber in den USA wird
gehandelt??

Kann ich meine eurpä. Anteile in den USA verkaufen?
Die Comdirekt meint nein?

Viele Fragen
ICh hoffe, daß mir jemand helfen kann

DANKE

JR

[dakinky]

Keine Panik... alles Gut für Nortel und BCE-Aktionäre:
Quelle: Reuters


Monday May 1 5:07 PM ET

BCE Completes C$88.5 Billion Nortel Spin-Off

By Susan Taylor

OTTAWA (Reuters) - Corporate titans Nortel Networks Corp. (Toronto:NT.TO - news)(NYSE:NT - news) and BCE Inc. (Toronto:BCE.TO - news) (NYSE:BCE - news) said a plan to spin off BCE`s stake in Nortel -- an unparalleled transaction on Canada`s market valued at about C$88.5 billion ($60-billion) -- became final on Monday.

Under the completed plan of arrangement, BCE has distributed its 35-percent ownership stake of 504.9 million shares in Nortel to its shareholders, while maintaining a 2-percent holding. Brampton, Ont.-based Nortel is the world`s No. 2 telecommunications equipment supplier. Montreal-based BCE, is Canada`s largest telecommunications company and the country`s most widely held stock.

Under the ``butterfly reorganization,`` so called because it separates parts of a company like the wings of a butterfly, BCE`s approximately 500,000 shareholders maintain their BCE stock and receive 0.785 of a Nortel common share for each BCE share they hold. Nortel shareholders receive one common share in a new public company in exchange for each of their Nortel common shares.

The Ontario Superior Court of Justice approved the plan on Friday, after shareholders for both companies okayed the deal last week.

The market cheered the news, sending stock in Nortel up nearly 5 percent, or C$7.85, to close on the Toronto Stock Exchange at C$175.25 on a heavy volume of more than 10 million shares. BCE added C$7.00 to end the day at C$178.50 on the TSE, a gain of 4 percent.

In New York, Nortel added 5 7/16 to close at 118 11/16 and BCE jumped 6 1/16 to 120 13/16.

Market watchers are keeping a keen eye on retail investors, looking for signs of whether BCE shareholders will cash in on their Nortel windfall or sell their BCE stake. A rush of either company`s shares on to the market could drag down the stock`s value.

``Institutional shareholders, in my view, have probably already made the adjustment,`` said Bob McWhirter, vice-president and portfolio manager at Royal Bank Investment Management Inc. ``The retail clients probably have not.

Retail investors may consider Nortel a more technology driven company and a more volatile holding than BCE, some analysts suggest. However, they may also prefer Nortel`s market prospects as a supplier of the red-hot optical and wireless equipment, to BCE.

For BCE shareholders, McWhirter said, the key question is how conservative they want to be as investors.

``As time passes, the patient investor is going to be rewarded for really holding both of them,`` said David Rea, chairman of Davis-Rea Investment Counsel.

Market players will more likely have an impact and buffet the stocks, Rea predicted.

``You`ve got momentum funds, you`ve got day traders, you`ve got timing guys -- you`ve got a lot of professional investors out there probably playing these markets,`` he said. ``It doesn`t surprise me that you would see some volatility near term until the thing squares away a bit -- it may take 30 or 60 days.``

As the final step in the plan of arrangement, Nortel will split its shares two for one after the markets close on May 5, adjusting the BCE conversion to 1.57 shares.

BCE shares began trade on a ``when issued`` basis, without their Nortel component, on Monday. BCE shares will also trade with the Nortel interest until market`s close on Tuesday.

Trading in Nortel common shares on a post-split basis begins on a ``when issued`` basis in Toronto and New York on Monday.

Regular trading of the stocks begins on the TSE on May 3 and on the New York Stock Exchange on May 9.

The transaction record date is set for May 5, and Nortel expects to begin mailing share certificates on May 8.

``This is an historic and defining moment for our company,`` Nortel chief executive John Roth said in a statement. ``Nortel Networks and BCE have grown together for more than a century. But the Internet has redefined the communications industry and it is time to go our separate ways.``



dakinky

[dakinky]

Hier der Zeitplan der Umwandlung der Aktien:

Monday May 1, 6:30 pm Eastern Time

Company Press Release
SOURCE: BCE Inc.

Distribution of Nortel Networks Interest to BCE Shareholders Effective Today

MONTREAL, May 1 /CNW-PRN/ - BCE Inc.`s distribution of a 35 per cent
interest in Nortel Networks to BCE shareholders is effective today. The
distribution will be calculated on the basis of 0.785193 of a Nortel Networks
share for every BCE share held. Since Nortel Networks will be splitting its
shares on a two-for-one basis effective at the close of business on Friday,
May 5, BCE shareholders will actually receive 1.570386 Nortel Networks shares
for every BCE share held.
``Since we announced the distribution of Nortel Networks in January, some
$10 billion in value, which was not previously recognized, has surfaced in the
BCE share price,`` said Jean C. Monty, Chairman and Chief Executive Officer of
BCE.
BCE will remain Canada`s flagship communications company whose assets
include, or will soon include: Bell Canada, Teleglobe Inc., BCE Emergis, CGI,
Bell Canada International, BCE Media, Bell ExpressVu and CTV.
``Our focus over the past two years has been on building the scope of our
operations, particularly the creation of major growth engines such as BCE
Emergis and Bell Nexxia, and moving towards a more integrated operating
model,`` Mr. Monty said. ``Building on our strong base in Canada, we are now
positioned to accelerate our growth. Here in Canada, our business focus is to
provide our customers with information, communications and entertainment (ICE)
services. Internationally, through Teleglobe, we will pursue growth oriented
Internet and e-commerce opportunities via a global network that has direct
connections with businesses and carriers in 100 countries.``
The following are dates of note for trading in BCE shares on the Toronto
Stock Exchange:

May 1 Effective date of Plan of Arrangement
BCE begins trading on ``when issued basis`` ex of Nortel
Networks (TSE: BCE.W - news); BCE also continues to trade on a
``regular`` basis including the interest in Nortel Networks
(TSE: BCE - news)
May 2 Last day to trade BCE on a regular basis (including the value
of Nortel Networks) (x)
May 3 BCE shares begin trading ex-Nortel Networks only (TSE: BCE - news)
May 5 Record Date
May 8 Settlement of ``when issued`` trades
Beginning of mailing of Nortel Networks share certificates to
BCE shareholders

(x) The processing of trades on the TSE requires three trading days.
Those shareholders wanting to receive the Nortel Networks
distribution would therefore have to purchase BCE common shares no
later than May 2.



BCE is Canada`s largest communications company. Through its operations
in communications services, BCE provides residence and business customers in
Canada with wireline and wireless communications products and applications,
satellite communications and direct-to-home television services, systems
integration expertise, electronic commerce solutions, Internet access and
high-speed data services, and directories. Abroad, through Bell Canada
International`s investee companies, BCE provides communications services to
nearly 6 million customers in Asia and Latin America. BCE also has an
extensive international presence through Teleglobe, an international
telecommunications carrier. BCE shares are listed in Canada, the United
States and Europe.


SOURCE: BCE Inc.



BCE (Bell Canada) ist die Mutterfirma von Nortel und ist ebenfalls sehr empehlenswert!



dakinky