Telus pulls out of Bell Canada bidding
In a surprise, last-minute move, Telus announced it had decided not to make a bid for Bell Canada, citing frequent delays in the negotiation process. Bell Canada, in a statement, said: "In a deal of unprecedented complexity and size in Canada, we have succeeded in creating a truly competitive process." Takeover bids were due to Bell Canada on Tuesday; sources say three private-equity firms submitted bids before the deadline. Globe and Mail (Toronto), The (06/27)