Two days left and BCE hires PwC to help KPMG

MONTREAL – Less than two weeks ago, KPMG told BCE that it would not be able to deliver a positive, post-privatization, solvency opinion for the big telco. And without that opinion, the $51 billion deal to privatize BCE, led by the Ontario Teachers Pension Fund, will fall apart “BCE continues to disagree with KPMG's preliminary view of post-transaction solvency,” the company’s statements have said. So late Monday the company announced that PricewaterhouseCoopers “has been engaged to perform valuation work in connection with the company's submissions to KPMG related to the solvency opinion.” “While BCE believes that PwC's work supports the...