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Old 12-11-2008, 04:02 PM
Canadian Canadian is offline
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Join Date: Jun 2008
Posts: 415
Default Takeover of BCE, officially dead!

The biggest leveraged buyout in history, which was supposed to take the largest Canadian telecom company BCE (parent of Bell Canada) private is dead.

The deal fell through because the review by the accounting firm KPMG found that BCE doesn't meet the solvency tests required by the privatization agreement.

Bell Canada has been gouging Canadian consumers for decades and I'm really happy that the deal didn't go through .
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