Bell Canada deal to go ahead

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CANADA - Quebec Superior Court has ruled the proposed take over of Bell Canada Enterprises (BCE) by a consortium led by the Ontario Teachers' Pension Plan (OTPP) can go ahead.

The deal, which has been in progress for a year, was challenged by company bond holders, who argued the CAN$52bn (US$52.7bn) offered was too low to compensate for losses in market value. Under ...

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