Bell Canada Shareholders OK Privatization and Why…


Lightreading reports:

The deal to take BCE Inc. (Bell Canada) (NYSE/Toronto: BCEmessage board) private has cleared one more hurdle as shareholders overwhelmingly approved the $52 billion bid by the Ontario Teacher’s Pension Plan. About 62 percent of all shareholders voted, and 97 percent voted in favor of the deal.

So, it looks like BCE and its shareholders went down the privitization path. Here is my take on why

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One Response

  1. […] Posted on October 16, 2007 by Adrian Bashford While I talked at length about the benefits of Bell Canada going private, Financial Post has illustrated that there is considerable backlash from bond investors which have […]

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