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Posted AT 2:13 PM EDT on 22/05/08

Ruling has far-reaching ramifications, CPPIB says

Globe and Mail Update

The Canada Pension Plan Investment Board says it is closely watching the outcome of the troubled buyout of BCE Inc. given the implications of a Quebec appeal court ruling that put the $35-billion takeover in jeopardy. “We were surprised by the court decision,” David Denison, president and chief executive officer of the national pension fund, one of the country's major investors, said in an interview Thursday.

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