MONTREAL – While the financial press churns out many stories on the Bell Canada auction, some saying there are three bids valuing the company at $41 or $42 a share, in cash and others saying there are higher bids that but not all-cash, Bell Canada Enterprises has been tight-lipped.
Some of the reports said a decision on the winning bidder for the company will be announced today and some even say that Telus might come back to the table.
Canada’s largest telco has been for sale for a while and a number of entities have expressed interest.
"(T)he Board of Directors of BCE and the Strategic Oversight Committee confirm the company has received several proposals in the context of the review of strategic alternatives that is underway," said the BCE release today. "The company is currently reviewing these proposals and will provide further details at the appropriate time."
