BCE says it has received “several proposals” regarding a potential takeover.
“The company is currently reviewing these proposals and will provide further details at the appropriate time,” says a statement issued by the firm.
Media reports say the bids by a group led by the Ontario Teachers’ Pension Plan and another consortium led by Canada Pension Plan Investment Board are believed to be identical, which are both valued at $41 a share in cash.
The bid by Cerberus Capital Management is higher, but reportedly considered to be too complicated by BCE’s strategic oversight committee.
Our web-exclusive feature, The battle for BCE digs deeper into the story. To read it, click here.
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