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Posted AT 1:00 PM EST on 04/07/08

BCE strikes final takeover deal

JOHN PARTRIDGE

Globe and Mail Update

BCE Inc. says it has struck a final deal for its $35-billion takeover by a buyout group, and that the price will remain at $42.75 a share. The announcement Friday by the Montreal telecommunications company appears to end months of speculation that the price would have to be lowered to satisfy bankers financing the buyout group, which is led by the Ontario Teachers Pension Plan and U.S.-based Providence Equity Partners.

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