Deal's not dead yet as top court grants Bell's wish for quick consideration

MONTREAL – Late Monday, BCE Inc. announced that the Supreme Court of Canada has granted its motion to expedite the leave application pertaining to the decision of the Québec Court of Appeal released on May 21, 2008 denying approval for the plan of arrangement related to the proposed privatization of BCE. Last week, the Quebec court overturned a lower court ruling and sided with bondholders who say their bonds will be reduced to junk status with the amount of debt the new owners are taking on in order to finance the privatization.As previously indicated, BCE, Bell Canada, together with the...