BCE to seek leave to appeal Quebec Court's decision to deny sale

MONTREAL – BCE Inc. on Wednesday said it and its proposed buyer – a consortium led by the Ontario Teachers Pension Plan – will seek leave to appeal to the Supreme Court the Quebec Court of Appeal’s decision to deny the $52-billion leveraged buyout. Some disgruntled Bell bondholders are attempting to block the deal that they say loads BCE up with debt and makes their bonds a riskier investment. “BCE never attempted to justify the fairness and reasonableness of an arrangement that results in a significant adverse economic impact on the debentureholders while at that same time it accords a substantial premium...