BCE files requested materials with Industry Canada

By Lisa Kerner

Charlotte, N.C., June 6 - BCE Inc. said it filed the necessary documentation and information with Industry Canada requested by the Minister of Industry on April 8.

The proposed transaction between BCE and an investor group was approved by the Minister of Industry subject to the receipt and approval by Industry Canada of the documentation.

On July 2, 2007, an investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, agreed to 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 investor group also includes Providence Equity Partners Inc., Madison Dearborn Partners LLC and Merrill Lynch Global Private Equity.

It was previously reported that the Supreme Court of Canada fast-tracked BCE's application to appeal a lower court's blockage of its planned privatization.

Investors holding Bell Canada debentures complained the arrangement to privatize BCE was unfair.

On June 5, BCE announced it had deferred a decision on declaring a second-quarter dividend but expected to make a decision by late June. If declared, the dividend would be payable in mid-July.

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

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