Cerberus, Telus Still Bidding For BCE?

| About: BCE Inc. (BCE)

Reuters reports that the battle for BCE Inc. (NYSE:BCE) may not be over. If true, we might well see an even better price.

From the linked story:

"I do believe there's a strategic buyer that we have yet to hear from, Telus," said John Orrico, portfolio manager of the Arbitrage Fund, which takes arbitrage positions in M&A deals. "While they did enter the fray and did depart prematurely, I think they'll be back," said Orrico. "I think a strategic buyer always has an edge across the board."

Canada's Globe and Mail reported that U.S. buyout firm Cerberus Capital Management LP said it had not given up its pursuit of BCE, and was considering its options. A spokeswoman for Cerberus declined comment.

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Tagged: , Telecom Services - Domestic, Canada
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