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bce-teachers deal

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»www.reuters.com/article/marketsN···4?rpc=44

heh wow..

The private-equity firms that agreed to buy BCE Inc. for C$52 billion ($42 billion) may instead seek to acquire a minority stake in the Canadian phone company, according to two people with knowledge of the plan.

then kpmg said on the news a week or so ago that the bell deal wasn't worth more than 20-billion.

now they want to give 8 or 10-billion for a 20% minority stake in BCE?

Now the dept will drop to 7-8 billion instead of the 34-billion if this goes through.

this is getting to be a circus...

reply to cant find any
And the walls are crumbling..

reply to cant find any
It doesn't mean anything it's just like someone or anyone bought a large sum of preferred shares. The share price will correct downward this after people forget about the news in a day or two. Usually a good thing to buy with falling interest rates if the dividend isn't cut at some time in the future.

reply to cant find any
I would not invest in Bell.

Any company that is a SELL OUT of working Canadians
in favor of Algeria, Egypt, Phillipines, India, and
the other foreign country handling Bell's calls, DOES
NOT DESERVE SUPPORT of Canadians.

I've never had Bell Sympatico, nor owned Bell Shares,
and I will continue in this manner, unless Bell changes
its ways, its business ethics and corruption and/or
goes bankrupt.

reply to cant find any

quote:

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BCE Statement

Friday December 5, 2008, 8:52 am EST

MONTREAL, Quebec, Dec. 5 /CNW Telbec/ - BCE Inc. (TSX, NYSE: BCE - News News) is today issuing a statement in response to certain rumours reported in the media regarding a possible minority investment in the company by some or all of the investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, and affiliates of Providence Equity Partners Inc., Madison Dearborn Partners, LLC, and Merrill Lynch Global Private Equity.

While it is BCE's policy not to comment on rumours or speculation, in the interest of its shareholders, BCE is today confirming that no such offer has been made to the company.

The company continues to work with KPMG and the Purchaser to seek to satisfy all closing conditions under the June 29, 2007 Definitive Agreement, as amended.

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