The Ontario Teachers’ Pension Plan is “closely monitoring developments and is exploring its options” as BCE’s largest shareholder, according to a regulatory filing.
In a 13D filing with the Securities and Exchange Commission, the plan also denied media reports that it was pursuing a deal with Kohlberg Kravis Roberts & Co.(KKR)to acquire BCE.
“Teachers’ is not pursuing such transaction with KKR and has no current intention or plans to pursue such transaction with KKR,” it said in the filing.
Today, The Globe and Mail reports that the plan has approached U.S.-based Providence Equity Partners about a potential bid for BCE while The New York Times reports Teachers’ has reached out to the Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board about making a takeover offer for the telecom company.
Last month, BCE said there were no “ongoing discussions being held with any private equity investor with respect to any privatization of the company or any similar transaction” and had “no current intention to pursue such discussions.”
To read the SEC filing, click here.
To comment on this story email craig.sebastiano@rci.rogers.com.