"Two minor exceptions" remain to be fulfilled in BCE buyout

MONTREAL – BCE announced Monday it has written confirmation from the CRTC that it had met the regulator’s conditions of sale with “two minor exceptions,” just as media reports surfaced that the banks providing the financing want to renegotiate terms of the deal. The CRTC states in the letter that its conditions set forth in its March 27 decision to approve the acquisition of BCE by an 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, have been...