Bell Canada takeover hits rocksShares of Canadian telecom giant BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. plunged 35 percent on Wednesday after announcing its leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. by private equity firms was in jeopardy. An investment group led by the Ontario Teachers' Pension Plan The Ontario Teachers' Pension Plan (OTPP), commonly referred to as Teachers', is the organization responsible for administering pensions for public school teachers of Ontario. The OTPP also invests the plan's pension fund. had expected to complete the 51.7-billion Canadian dollar (42.2-billion US) purchase of Bell Canada Enterprises on December 11. But accounting firm KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen told the company and its prospective buyers after reviewing the takeover that BCE may not have enough money to meet its obligations if the deal goes through amid current global financial woes. Investors shaved more than 10 billion dollars (8.2 billion US) from the total value of BCE shares in Toronto and New York stock exchanges, in response. 
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