Only in Canada.. - Mercedes-Benz Forum

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post #1 of 1 (permalink) Old 05-19-2008, 01:24 PM Thread Starter
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Date registered: Feb 2006
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Only in Canada..

can teachers own the phone company.

One of Canada’s largest pension funds is in early talks with other investors to form a consortium to mount a $45 billion takeover bid for the parent company of Bell Canada in what would be the largest buyout in history, according to people briefed on the discussions.

The Ontario Teachers’ Pension Plan, which is the largest shareholder of BCE, the telephone company’s parent, has reached out in recent weeks to Caisse de Dépôt et Placement du Québec and the Canada Pension Plan Investment Board about pursuing a takeover, these people said. The Ontario Teachers’ Pension Plan has also held talks with at least one private equity firm, these people said.
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