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Pension funds and private equity are performing an LBO at BCE (NYSE:BCE).

Its valuation, 7.8 times EBITDA over the trailing twelve months, implies an equivalent bid level of EUR 14.93 at KPN (KPN) (a 21% upside) and GBP 438 (a 31% premium) for BT Group (NYSE:BT).

Check out the underlying calculations:

click to enlarge

bt bce kpn

Source: BCE Bid Implies Upside For KPN, BT