MONTREAL – BCE released a statement Friday saying that there is no truth to the rumour that an investor group has proposed a minority investment in the telecommunications giant.
Some media outlets reported that Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, and affiliates of Providence Equity Partners, Madison Dearborn Partners, and Merrill Lynch Global Private Equity had made an offer of minority investment to BCE. Not so, said BCE.
While BCE’s policy is to not comment on rumours or speculation, it felt the need to do so in this case in interest of its shareholders, the statement said. It further read that the company continues to work with KPMG and the purchaser (those same companies mentioned above) to seek to satisfy all closing conditions under the June 29, 2007 Definitive Agreement, as amended.
The deadline for the agreement is thie Thursday, December 11.
