Canadian court suggests June court date

In a victory for BCE Inc., the Canadian Supreme Court agreed last week to expedite the process of deciding whether to hear the telecommunications company’s appeal of a lower court decision that imperils its near $35 billion buyout.

The court had set May 28 as a deadline for BCE to file its application for permission to appeal, and May 30 for a response from the debtholders, who won a Quebec court decision late last month that the leveraged buyout was unfair to them.

The Ontario Teachers’ Pension Plan is leading a consortium, which includes U.S. firms Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch Global Private Equity, to buy BCE.