BCE buyout scrapped
By Adnews Staff
The group of purchasers that were set to acquire BCE has pulled out of the deal. The group of buyers consists of the Ontario Teachers' Pension Plan, Providence Equity Partners, Madison Dearborn Capital Partners and Merrill Lynch Global Partners. They withdrew from the buyout upon receiving an opinion from KPMG that BCE could not pass a solvency test required by the acquisition agreement.
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