The buyers would instead purchase between $8 billion and $10 billion of preferred securities. The plan also involves a dividend of between $8 and $10 a share to be paid out.
Last week, the deal to take BCE private appeared to be in doubt after an advisory firm said the leveraged buyout would put the telecom company’s solvency at risk.
The deadline to complete the deal is Dec. 11.
Click here for more about the deal in our special online report, The Rise of Private Equity.
The Pension Investment Association of Canada, alongside the Canadian Life and Health Insurance Association and the Portfolio Management Association of Canada, is asking the Senate to...
Kate Nazar recently joined Canada Life as vice-president, Group Retirement Services. In this newly created role, Kate will take on a holistic approach and be...
An article on incoming changes to Nova Scotia’s provincial Pension Benefits Act was the most-read story on BenefitsCanada.com this past week. Here are the top five...
The weather is shifting, with the wet November wind blowing away the crisp October sunshine. While this time of year is characterized by the change...
Increased deal-making in the Canadian annuities market is adding pressure to defined benefit plan sponsors seeking to de-risk their plans, says Jason Vary, president of...
The percentage of claimants filing claims for obesity drugs increased by 43 per cent in 2023, according to a new report by GreenShield. The report,...
The Public Sector Pension Investment Board, along with partner Investcorp, is investing in accounting firm PKF O’Connor Davies LLP. According to a press release, the...
An article on how a national drug pooling program would impact employer-sponsored benefits plans was the most-read story on BenefitsCanada.com this past week. Here are...
The group led by the Ontario Teachers’ Pension Plan which plans to take over BCE may reportedly propose another plan.