BCE hires PwC to save deal with OTTP

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CANADA - Canadian communications company BCE has hired PricewaterhouseCoopers (PwC), in an attempt to rescue its takeover by an investor group led by the Ontario Teachers' Pension Plan (OTPP).

Last November, accountancy firm KPMG said in a preliminary view that BCE would not meet the solvency tests after the transaction, due to the amount of debt involved in the financing of the buyout a...

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