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BCE shares soar funding news

Fri Jul 4, 2008 9:16pm IST
 
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TORONTO (Reuters) - Shares of BCE Inc (BCE.TO: Quote, Profile, Research) jumped 12 percent on Friday after news that buyers were sticking with the agreed C$42.75 per-share purchase price for the buyout of the telecommunications company.

Shares of BCE, which halted after the news, rose 12.4 percent to C$39.50 on the S&P/TSX composite index <.GSPTSE.

($1=$1.02 Canadian)

(Reporting by Jennifer Kwan; editing by Janet Guttsman)

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