Filed under: Options, Deals, Madison Dearborn Partners, Providence Equity Partners, Engagements

BCE Inc. (NYSE: BCE), Canada’s largest telecommunications company, announced on June 30, 2007, that it agreed to be acquired by an investment arm of Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners for an announced deal price of $42.75 per share. The Federal Communications Commissions cleared the deal on Dec. 20.

RBC Capital says, “Financial results were in-line with expectations . . . there was nothing in the release that should worry investors in the context of the pending privatization.” BCE June option implied volatility of 53 is above its 26-week average of 34 according to Track Data, suggesting larger movement.

M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Share This

This entry was posted on Wednesday, May 14th, 2008 at 7:15 pm and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.