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BCE Inc.
Supreme Court reinstates order approving BCE privatization plan
July 12th, 2008
BCE Inc. (TSX, NYSE: BCE) announced that today's Supreme Court of Canada decision reinstating the court order approving the company's plan of arrangement opens the path to complete the previously announced sale of the company to an investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners Inc., Madison Dearborn Partners, LLC, and Merrill Lynch Global Private Equity. "Today's unanimous decision by the Supreme Court affirms BCE's long standing position that the plan of arrangement complies with the rights and reasonable expectations of Bell Canada debentureholders," said Richard J. Currie,...
Source: Law & Health Weekly (2008-07-12)
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