BCE Buyout Could Be Reworked

Shares of Canadian telecom giant BCE(BCE Quote) fell Monday on a report that the $33 billion leveraged buyout deal was in danger of unraveling over financing terms.

The New York Times reported Monday that financing banks were scrambling to renegotiate a privatization deal for BCE, Canada's largest telecom operator and owner of Bell Canada. The banks are pushing for new terms that include higher interest rates and tighter restrictions, signs the buyers say show the banks are unwilling to fund the deal, according to the report.

BCE shares were recently down $2.04, or 5.3%, to $36.77 in trading on the New York Stock Exchange. ...