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Saturday, November 21, 
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Canada's top court hears BCE case

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BCE_blimp.jpgThe Supreme Court of Canada began hearing an appeal of a decision that could upend the C$52 billion ($50.9 billion) leveraged buyout of BCE Inc.

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The parent of Bell Canada has asked the court to overturn a Quebec Court of Appeal ruling that favored bondholders who oppose a sale of BCE to Teachers' Private Capital, Providence Equity Partners Inc., Madison Dearborn Partners LLC and Merrill Lynch Global Private Equity. The bondholders had argued that the transaction, which is the largest North American buyout to date, treats them unfairly.

Canada's Supreme Court heard BCE's appeal on Tuesday, but did not say when it might rule. - Chris Nolter

See story from the Canadian Press





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