Cable / Telecom News

Catalyst considers legal challenge to scuttle BCE takeover


TORONTO – Catalyst Asset Management continues to raise objections over the proposed takeover of BCE Inc. by the Ontario Teachers’ Pension Plan and its investment partners. Catalyst is the investment banking and advisory firm that proposed an alternative bid last June that would have recapitalized BCE without altering its Canadian ownership. Catalyst said in a press release on Monday it is concerned that an ongoing post-closing condition imposed by the CRTC on the proposed privatization of BCE may not be met, and Catalyst intends to pursue the matter if and when the privatization is completed. In its decision CRTC 2008-69...