Posted AT 9:01 PM EST on 07/10/08
U.K. bank turmoil threatens BCE deal
The British banking meltdown is threatening the planned $35-billion takeover of
BCE Inc. A crisis Tuesday at
Royal Bank of Scotland
, one of four lenders on the buyout, sent shares of Canada's largest company tumbling.
With its banks bogged down in loans gone bad, the British government is expected to announce a bailout Wednesday.
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