Fergie's Tech Blog

Bell Canada Agrees to Buyout Offer

Ian Austen writes in The New York Times:

Bell Canada’s directors endorsed a privatization offer worth 34.8 billion Canadian dollars ($32.9 billion) from the Ontario Teachers’ Pension Plan and Providence Equity Partners early today, the company said in a statement.

If approved by shareholders, the deal would be Canada’s largest takeover to date, worth about 51.7 billion Canadian dollars after assumption of debt and other factors, and among the largest leveraged buyouts in history.

posted by Fergie @ 6/30/2007 10:36:00 AM