BCE files all required materials connected to Teachers' buyout with CRTC

MONTREAL – BCE announced Monday it has filed with the CRTC all required materials related to its acquisition of BCE by an investor group led by Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, Providence Equity Partners Inc., Madison Dearborn Partners, LLC, and Merrill Lynch Global Private Equity. Under the $51.7 billion agreement, Teachers would own 51.6% of the equity share of BCE. But the CRTC imposed several conditions, including that Canadian investors must at all times nominate six directors on the board, to address its concerns relating to corporate governance and to ensure control...