Dividend.com: J. Crew Adrift

BCE Deal to Go Private May Fall Apart

BCE(BCE Quote) just reported a preliminary review has found the proposed $35 billion privatization deal may not meet solvency requirements.

BCE -- the parent of Bell Canada -- is being privatized by an investment group led by the Ontario Teachers Pension Plan Board and several U.S. partners. The deal, which had been set to close on Dec. 11, would also be the biggest takeover in Canadian history.

A review by accounting firm KPMG found that BCE would not meet the solvency tests of the privatization agreement -- with the focus on the amount of debt involved in the transaction and current market conditions. ...