Friday, June 29, 2007

CPP, Teachers frontrunners in BCE race: papers

(Reuters) - Consortiums led by Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan have filed identical C$41-per-share all-cash offers, valuing the bid at almost C$33 billion , not including debt, according to the Financial Post.



Both consortiums are backed by U.S. private equity firms. Kohlberg Kravis Roberts & Co. is in the CPP group and Providence Equity Partners is in the Teachers' group.


Read more at Reuters.com Mergers News

No comments: