TORONTO — The largest leveraged buyout in history is officially dead and arguments over a billion-dollar break fee have erupted after an investment group said an audit found its proposed $35 billion deal to take Canadian telecom company BCE Inc. private did not meet solvency requirements.
A group led by the Ontario Teachers Pension Plan Board and several U.S. partners had expected to complete its deal for BCE, the parent of Bell Canada, on Dec. 11. It also would have been...
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