CRTC Approves BCE Takeover
With the conditions that the Ontario Teachers Pension Plan appoints six of the 13 directors and that the chairman and CEO are Canadian, the CRTC has approved the takeover of BCE.
"I have to make sure that both in law and effect, the company will be controlled by Canadians," von Finckenstein said in an interview. "I think with the provisions as we conditioned them, it will be."
With the ruling, it appears that all legal and regulatory hurdles have been cleared. However, the dynamic and deteriorating conditions in the financial markets and the associated credit crunch has cast some doubt as to whether all of the financial participants will follow through with their commitments.
Stumble It!
"I have to make sure that both in law and effect, the company will be controlled by Canadians," von Finckenstein said in an interview. "I think with the provisions as we conditioned them, it will be."
With the ruling, it appears that all legal and regulatory hurdles have been cleared. However, the dynamic and deteriorating conditions in the financial markets and the associated credit crunch has cast some doubt as to whether all of the financial participants will follow through with their commitments.
Stumble It!
