Canaccord Analyst: BCE Could Buy Shaw

Canaccord Adams analyst David Lambert says BCE (BCE/NYSE) could make a C$12-billion takeover bid for Shaw Communications as a potential defense against any buyout, according to Canada's Financial Post:

Despite Rogers’ better financial positioning for a possible bid for Shaw, Mr. Lambert thinks BCE’s ability to make a cash offer would help it win such a battle. This hypothetical cash and stock deal, would see BCE assume $3-billion of Shaw’s debt. He also sees both revenue and costs synergies, as well as $275-million in tax savings. Meanwhile, Mr. Lambert projects a deal could give BCE a wireless market share boost from less than 10% to more than 33% in Western Canada.