The weighted averaged trading price (WATP)
BCE’s Weighted Averaged Trading Price (WATP) is the designated value of the BCE Common Shares used to determine the consideration payable to Former Teleglobe Shareholders under the Arrangement. It is the weighted average trading price of the BCE Common Shares on the Toronto Stock Exchange for the ten trading days ending on the fifth Business Day immediately preceding the Effective Date, rounded to the nearest cent. The WATP was declared by a press release issued by BCE on October 26, 2000 as $35.71 (calculated on the basis of ten trading days commencing on October 12, 2000 and ending October 25, 2000).
The Elected Cash Amount was calculated in Canadian dollars and was paid in Canadian dollars, unless the U S Dollar election was made. Former Teleglobe Shareholders who made the U S Dollar election in the Letter of Transmittal were entitled to receive the Elected Cash Amount (as well as other cash payments to which they were entitled) in U S dollars from BCE in an amount calculated as the U S dollar equivalent of the comparable Canadian dollar amount.