MONTREAL and GATINEAU – BCE Inc. and the 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, today announced that the CRTC has agreed to extend the deadline for the filing of documents relating to the proposed acquisition of BCE to May 12, 2008.
"We continue to work with BCE to meet all the requirements for closing by the end of the second quarter," said Jim Leech, President and CEO of the Ontario Teachers’ Pension Plan.
The documents are required by the CRTC in connection with its March 27 decision approving, subject to certain conditions, the change of effective control of BCE and its broadcast asset licensees (Bell ExpressVu, for example) that are subject to CRTC regulations. BCE expects the transaction to close before the end of the second quarter of 2008.
The press release did not outline what documents the buyers needed an extension.
Click here, here, and here to read Cartt.ca’s coverage of that hearing.
