BCE says it is not renegotiating agreement with investor group to take company private

By Lisa Kerner

Charlotte, N.C., Dec. 14 - BCE Inc., in response to market rumors, denied any discussions or renegotiations of its June 29 definitive agreement with an investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan.

Other members of the equity group include Providence Equity Partners Inc. and Madison Dearborn Partners, LLC.

It was previously reported that the investor group agreed to acquire all of BCE's outstanding common shares for C$42.75 cash per share as well as all of BCE's outstanding preferred shares at between C$25.25 and C$25.87 each.

The all-cash transaction is valued at C$51.7 billion, including debt, preferred equity and minority interests.

BCE is a Montreal-based communications company that provides telephone, internet, television and information services.

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