Posted on 07/02/08
Solid BCE results calm worries
BCE Inc. removed one concern about the completion of its pending takeover yesterday when it reported fourth-quarter results that largely met analysts' expectations.The market had worried that any deterioration in BCE's results could give its group of suitors, led by Ontario Teachers' Pension Plan, a reason to walk away from their $34.8-billion takeover offer for Canada's largest phone company.
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