Posted AT 8:25 PM EST on 28/11/08
BCE pressing Teachers for fee payment
BCE Inc. and its retreating suitor Ontario Teachers' Pension Fund are feuding again, this time over a $1.2-billion termination fee.
According to people familiar with the discussions, BCE and its lawyers are locked in a heated dispute with Teachers over whether the pension fund will be on the hook to pay what is believed to be the largest termination fee on record if its proposed $35-billion takeover fails as expected by a Dec. 11 deadline.
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