Connections +
News

BCE exploring the possibility of going private

BCE Inc. said today it is reviewing its strategic alternatives with a view to further enhancing shareholder value.


April 17, 2007  


Print this page

BCE Inc. said today it is reviewing its strategic alternatives with a view to further enhancing shareholder value.

“BCE will be guided by the ongoing need to maximize value for the company’s shareholders, taking into consideration the need to meet all legislative and regulatory requirements, including ensuring the company remains Canadian, to meet existing foreign ownership restrictions, it said in a statement.

As part of the strategic review, BCE announced it has entered into discussions with a group of leading Canadian pension funds to explore the possibility of taking the publicly-traded company private.

The group will be led by the Canada Pension Plan Investment Board (CPPIB), the Caisse de depot et placement du Quebec and Canada’s Public Sector Pension Investment Board (PSP Investments), who have signed a non-disclosure and standstill agreement with BCE on a non-exclusive basis.