Telecom and media giant BCE Inc. says it will buy Canadian home security service AlarmForce Industries Inc. in a deal worth about $166 million.
George Cope, CEO of BCE and Bell Canada, says the acquisition will allow Bell to leverage its network in millions of Canadian homes in order to grow its position in security and automation services.
The deal will see BCE purchase all issued and outstanding common shares of AlarmForce (TSX:AF) for $16.00 per in an all-cash offer.
OBJ360 (Sponsored)

From $1 Million to $10 Million: Key Financial Metrics for Scaling Success
Congratulations! Reaching $1 million in revenue is an incredible achievement (less than 10% of businesses ever get there). It’s proof that your vision is working, your customers see the value

The rising wave of support aimed at ending heart disease this February
The Ottawa Heart Institute Foundation is ramping up for its annual February is Heart Month campaign, supporting the local but globally recognized University of Ottawa Heart Institute. In 2024, the community rallied, raising
AlarmForce says the purchase price represents a 71 per cent premium to its closing share price of $9.34 on Nov. 6 and a 70 per cent premium to the 20-day volume weighted average price for the period ending Nov. 6.
Shareholders may also elect to receive BCE common shares (TSX:BCE) in lieu of cash, subject to proration and capped at 49.5 per cent of the total equity value.
Subject to customary closing conditions, the transaction is expected to be completed in January.