Calling Card Finder

Destination Country Phone Card Name (Optional)

Phone Card News

Quebec Court Ruling Removes Legal Barrier to Bell Canada Acquisition

A Quebec Superior Court judge ruled that a consortium led by the Ontario Teachers’ Pension Plan can go ahead with its purchase of Bell Canada Enterprises Inc. (BCE), dismissing a legal challenge brought forward by BCE’s bondholders.

The proposed acquisition, which has been winding its way through Canada’s legal and regulatory framework for almost a year, was challenged by bondholders who claimed that the C$52 billion sale price was too low to compensate for losses in market value. Under the proposed terms, bonds issued by BCE will be significantly downgraded to “junk” status.

BCE’s chief legal officer, Martine Turcotte, commented that the telephone giant is “very pleased with the Superior Court’s decisions,” noting that “on every point of contention, the Court ruled in favour of BCE.”

“We now look forward to closing the privatization transaction with the investor group led by Teachers’ Private Capital,” Turcotte continued.

News of the court ruling sent BCE shares up $1.92, or more than 5%, to close at $37.72 on the Toronto Stock Exchange.

The deal with Ontario Teachers’ and its partners is expected to close in the early part of second quarter, barring any additional legal impediments.


Source:
http://www.teleclick.ca/2008/03/quebec-court-ruling-removes-legal-
barrier-to-bell-canada-acquisition/

<<< Back for more news

Security & Payment

VeriSign Payment Service

Scan Alert, prevents 99% of hackers

Discover, Master Card, Visa, American Express Credit Cards

Testimonials

I have been buying calling cards to call back home to India from PhoneCard Stop for quite a while. I have tried some of the phone cards, and I have found my favorite. I will keep on buying from PhoneCard Stop. Thank you for your excellent service.

Ranjith, LA

I call my relatives outside the US frequently. Ever since i started buying phone cards from PhoneCard Stop, they have helped me reduce my phone bills. The phone card choices are great, and the rates are low. Keep up the good service.

Tomoda, NY

I must admit that PhoneCard Stop have the best customer service. They know how to explain about their prepaid phonecards; unlike other prepaid phonecards sites. Their customer service personnels are so polite and helpful. I dare to say that they are the best international phonecards retailer!

Karina, SJ

Phone Cards Provider