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Industry Canada issues approval of acquisition of BCE by investor

The proposed acquisition of BCE by an investor group led by Teachers' Private Capital, the private investment arm o...


April 9, 2008  


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The proposed acquisition of BCE by 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 has been approved by federal Industry Minister Jim Prentice, subject to certain conditions being met.

With the approval, subject to the satisfaction of the applicable conditions, the regulatory approvals required in connection with the transaction will have been obtained, BCE said in a release issued today.

In March, the Quebec Superior Court approved BCE’s plan of arrangement for the transaction and dismissed all claims asserted by or on behalf of certain holders of Bell Canada debentures.