Cerberus Readies Bell Canada Enterprises Bid

Cerberus Capital Management is planning a run at buying Bell Canada Enterprises — BCE Inc — Canada’s largest communications company, reports Globe and Mail. “The US private-equity firm has been lurking in the background since the beginning of the BCE takeover saga, and refuses to give up on finding a way to buy the telecommunications giant, which may fetch more than $32-billion.” There could be a three-way bidding war for the company, which Cerberus thinks can be improved significantly enough to reap returns of up to 20 percent per year. The bid is complicated by foreign-ownership rules.

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