Tuesday, July 17, 2007

TD Bank to chip in C$3.8 bln for BCE takeover

(Reuters) - TD said it has underwritten C$3.3 billion of a C$34.3-billion credit facility and also provided a C$500 million equity bridge facility to the buyout consortium, which is led by the Ontario Teachers' Pension Plan Board.




The consortium, which includes U.S. private equity firms Providence Equity Partners Inc. and Madison Dearborn Partners, LLC, was declared the winner of a bidding contest for BCE on June 30 with a C$34.8 billion all-cash offer.


Read more at Reuters.com Bonds News

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