Posted AT 9:25 AM EST on 19/05/08
BCE takeover in trouble as banks seek new terms
The $35-billion takeover of BCE Inc. appeared to be in trouble over the weekend as the Wall Street banks that committed to finance the deal sought to renegotiate the lending terms, people on both sides of the transaction said yesterday.
The deal for BCE, Canada's largest telecommunications company, is the latest buyout to run into trouble since the credit market started tightening last summer.
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