BCE shareholders vote to take company private

By Lisa Kerner

Charlotte, N.C., Sept. 26 - Final voting results show that 97.3% of BCE Inc. shares were voted in favor of the company's privatization via a buyout by Ontario Teachers' Pension Plan Board, affiliates of Providence Equity Partners Inc., Madison Dearborn Partners, LLP and others.

BCE released the results from its Sept. 21 special shareholders meeting in a form 6-K filing with the Securities and Exchange Commission.

It was previously reported that under a July 2 agreement, the investor group will acquire all of the common shares of BCE not owned by Ontario Teachers for C$42.75 each and all of the company's preferred shares at between C$25.25 and C$25.87 each. The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of 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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