08:08 AM EDT, 07/01/2024 (MT Newswires) -- BCE (BCE) on Monday recommended that shareholders reject TRC Capital Investment's unsolicited mini-tender offer to buy up to 2.5 million shares, or roughly 0.3% of the company's outstanding shares, "at a below-market price" of 43.40 Canadian dollars ($31.70).

BCE said the offer represents a roughly 4.4% discount to the company's closing price on the Toronto Stock Exchange and the New York Stock Exchange on June 24, the last trading day before the mini-tender offer was started.

BCE shares were up 1.1% at $32.74 on the NYSE in recent premarket trading.

Price: 32.74, Change: +0.37, Percent Change: +1.14