Foundations Find Benefits In Facing Up To Failures
Today, many of the nation’s largest foundations regard disclosing and analyzing their failures as bordering on a moral obligation....
Read Full Article
New Order Needed For A Flatter World
::NOMPU::We are in the midst of a revolution. Some will call this globalisation. Others will call it the knowledge revolution. Whatever we call it, we are witnessing everywhere a changing power equati...
Read Full Article
3i’s Vehicle Comes First In Race For Olympics Testing Firm Inspicio
Inspicio, the testing and inspection company that is working on the 2012 Olympic site, is to be sold to an investment vehicle of 3i, the private equity group....
Read Full Article
Suicide Blast Kills Sri Lankan Minister And 11 Others
A suspected Tamil Tiger suicide bomber killed Sri Lanka’s highways minister and at least 11 others on Sunday in a powerful blast near the capital, the government said....
Read Full Article
Fabric To Harness Power From Its Wearer
US scientists have developed a microfibre fabric that generates its own electricity, making enough current to recharge a mobile phone....
Read Full Article

World Business Briefing: Canada: Cerberus Plans Bell Bid


BCE, the parent of Bell Canada, the largest communications company in Canada, said that a group led by Cerberus Capital had joined the bidding for the company. While the other investors were not identified, they will be vital to any deal because Canadian law bans foreign control of telephone companies. Three groups are now vying to take BCE private. BCEs largest shareholder, the Ontario Teachers Pension Plan, has allied itself with other institutional investors for a possible bid. The Canada Pension Plan Investment Board and Kohlberg Kravis Roberts have formed a rival group that may make a bid potentially worth about $45 billion.

Tag Cloud

External Information

Additional Information

Fed Sharply Reduces Forecast for Growth...
Productivity Growth Slows and the Costs of Labor Rise...
Mr Bush’s corn chips down...
Qualcomm Under Scrutiny by Korean Antitrust Agency...

Where Am I?

News Main Page - Business - World Business Briefing: Canada: Cerberus Plans Bell Bid


 
i8news.com