Bell Canada (Canada’s largest telecom network) is on the auction block as parent company BCE Inc. negotiates to sell Bell Canada. Four companies are in talks with the Canadian company and the deal could be worth CDN $40 per share – a CDN $32 billion deal. BCE stock rose 6.4% with the news of a possible buyout, but representatives on both side are keeping a tight lip on the deal. Let’s see how this pans out for the biggest corporate buyout in Canadian hisory.
via: yahoonews