Canada court to issue BCE judgment on Friday

Thu Jun 19, 2008 12:20pm EDT
 
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OTTAWA (Reuters) - The Supreme Court of Canada will announce at 4:30 p.m. EDT on Friday whether it has decided to approve the C$34.8 billion ($34.5 billion) leveraged buyout of the country's largest telecommunications company, BCE Inc.

The court made the announcement in a statement on Thursday that gave no further details.

BCE is appealing a lower court decision that found that the buyout plan -- which will be funded partly by taking on new debt -- did not adequately take into account the interests of existing bondholders.

($1=$1.01 Canadian)

(Reporting by David Ljunggren)