BCE LBO hits snag

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CANADA - The leveraged buyout of Bell Canada Inc. by an investor group led the private investment arm of the Ontario Teachers' Pension Plan (OTPP) has hit a snag with a report on the firm's financial health from accountancy firm KPMG.

BCE, the parent of telecommunications company Bell Canada, said it was disappointed with the preliminary view of KPMG that the firm wouldn't meet a solvency test because of the amount of debt invol...

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