Report of Talk to Take Over Bell Canada

REPORT OF TALK TO TAKE OVER BELL CANADA
[SOURCE: New York Times, AUTHOR: Andrew Ross Sorkin & Ian Austen]
One of Canada’s largest pension funds is in early talks with other investors to form a consortium to mount a $45 billion takeover bid for the parent company of Bell Canada in what would be the largest buyout in history. The Ontario Teachers’ Pension Plan, which is the largest shareholder of BCE, the telephone company’s parent, has reached out in recent weeks to Caisse de Dépôt et Placement du Québec and the Canada Pension Plan Investment Board about pursuing a takeover. A takeover bid would represent a rare effort by a pension fund, rather than a private equity firm, to lead a buyout of this size. It also illustrates a growing tendency among pension funds to make direct investments themselves, a trend that is becoming particularly popular in Canada.
http://www.nytimes.com/2007/04/10/business/10deal.html
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