Monday, June 11, 2007

UPDATE 1-Onex joins KKR group in bid for Canada telecom BCE

(Reuters) - Canada Pension Plan Investment board , which leads the
group, said Onex is joining with the consent of BCE's strategic
oversight committee of independent directors.




Three consortia are mulling bids or other strategies for
BCE, which is Canada's biggest telecommunications group. BCE,
owner of Bell Canada, is reviewing its options to boost value
for shareholders, but it has not officially begun a full
auction of the company.


Read more at Reuters.com Mergers News

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