BCE Corp. today announced that the company has entered into a definitive agreement to be acquired by an investor gr...
June 30, 2007
BCE Corp. today announced that the company has entered into a definitive agreement to be acquired by an investor group led by Teachers Private Capital, the private investment arm of the Ontario Teachers Pension Plan, Providence Equity Partners Inc. and Madison Dearborn Partners, LLC.
The all-cash transaction is valued at $51.7 billion, including $16.9 billion of debt, preferred equity and minority interests.
The BCE board of directors unanimously recommended that shareholders vote to accept the offer.
Under the terms of the transaction, the investor group will acquire all of the common shares of BCE not already owned by Teachers for an offer price of $42.75 per common share.