Finance / United States
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Record Buyout Of BCE In Trouble
May 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The record leveraged buyout of Bell Canada parent BCE has run into trouble as the investment banks providing financing in the deal sought to renegotiate the terms of their loans. The consortium, made up of the Ontario Teachers' Pension Plan, the Toronto-Dominion Bank and Private Equity Groups Madison Dearborn Partners, Merrill Lynch Global Private Equity and Providence Equity Partners has offered US$34.8bn in a bid to take BCE private, according to Reuters.