Pharma Investments, Ventures & Law Weekly
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BCE Inc.
BCE and the Purchaser to seek leave to appeal to the Supreme Court of Canada
June 8th, 2008
BCE Inc. (TSX, NYSE: BCE) announced that, together with the purchaser, it will seek leave to appeal to the Supreme Court of Canada the Quebec Court of Appeal's decision to deny the company's plan of arrangement related to the BCE's proposed privatization. "The judgment overturning the Quebec Superior Court decision rewrites Canadian law relating to the duty of Canadian boards of directors to maximize value for shareholders in the context of a change of control transaction, as well as to the entitlements of bondholders in those circumstances. Both the transaction and the issues of law involved are of public importance in Canada. We believe the Supreme Court of Canada...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-08)
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