UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)*
BCE INC.
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(Name of Issuer)
COMMON SHARES, NO PAR VALUE
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(Title of Class of Securities)
05534B760 4
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(CUSIP Number)
JEFFREY M. DAVIS
SENIOR LEGAL COUNSEL, INVESTMENTS
ONTARIO TEACHERS' PENSION PLAN BOARD
5650 YONGE STREET, 5TH FLOOR
TORONTO, ONTARIO
CANADA M2M 4H5
(416) 228-5900
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
OCTOBER 19, 2007
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [X]
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7 for
other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 05534B760 4
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
ONTARIO TEACHERS' PENSION PLAN BOARD
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) _________ (b) X
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3. SEC Use Only
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4. Source of Funds (See Instructions) OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [_]
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6. Citizenship or Place of Organization ONTARIO, CANADA
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7. Sole Voting Power 50,802,638 shares
Number of ---------------------------------------------------------------
Shares 8. Shared Voting Power -0-
Beneficially
Owned by ---------------------------------------------------------------
Each 9. Sole Dispositive Power 50,802,638 shares
Reporting
Person With ---------------------------------------------------------------
10. Shared Dispositive Power -0-
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11. Aggregate Amount Beneficially Owned by 50,802,638 shares
Each Reporting Person
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [X](1)
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13. Percent of Class Represented by Amount in Row (11) 6.3
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14. Type of Reporting Person (See Instructions) EP
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---------------------
(1) For additional information regarding disclaimer of beneficial ownership of
certain securities of the Issuer, please see the disclosure included in
Item 5.
2
This Amendment No. 5 (this "Amendment") amends the Statement of Beneficial
Ownership on Schedule 13D originally filed with the Securities and Exchange
Commission (the "SEC") on April 9, 2007 (the "Schedule 13D") by Ontario
Teachers' Pension Plan Board ("Teachers'") with respect to the Common Shares, no
par value (the "Common Shares") of BCE Inc., a corporation organized under the
laws of Canada (the "Issuer"), as amended by Amendment No. 1 to the Schedule
13D, as filed with the SEC on June 5, 2007; Amendment No. 2 to the Schedule 13D,
as filed with the SEC on June 7, 2007; Amendment No. 3 to the Schedule 13D, as
filed with the SEC on June 28, 2007 and Amendment No. 4 to the Schedule 13D, as
filed with the SEC on July 5, 2007. The address of the Issuer's principal
executive offices is 1000, rue de La Gauchetiere Ouest, Bureau 3700, Montreal,
Quebec, Canada H3B 4Y7. Unless specifically amended hereby or in Amendment No.
1, Amendment No. 2, Amendment No. 3 or Amendment No. 4 to the Schedule 13D, the
disclosures set forth in the Schedule 13D shall remain unchanged. Capitalized
terms used herein but not otherwise defined herein shall have the meanings set
forth in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND.
ITEM 2 IS AMENDED AND RESTATED AS FOLLOWS:
(a) This Amendment is being filed by Teachers'.
(b) - (c) Teachers' is an Ontario, Canada corporation, the principal
business of which is the administration of a pension plan and management of a
pension fund for Ontario teachers. The principal office and business address of
Teachers' is 5650 Yonge Street, 5th Floor, Toronto, Ontario M2M 4H5.
The name, residence or business address, and present principal occupation
or employment of each director, executive officer and controlling person of
Teachers' is set forth in Schedule A hereto, and is incorporated herein by
reference.
(d) Neither Teachers', nor to the best of Teachers' knowledge, any of the
persons identified in this Item 2 and Schedule A hereto has, during the last
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Neither Teachers', nor to the best of Teachers' knowledge, any of the
persons identified in this Item 2 and Schedule A hereto has, during the last
five years, been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Each of the persons listed on Schedule A hereto is a citizen of
Canada.
ITEM 4. PURPOSE OF TRANSACTION.
ITEM 4 IS AMENDED TO ADD THE FOLLOWING:
As previously disclosed on Amendment No. 4 to the Schedule 13D, a
Definitive Agreement, dated as of June 29, 2007 (the "Definitive Agreement"),
has been entered into by and between the Issuer and 6796508 Canada Inc., a
Canadian corporation formed by Teachers', Providence Equity Partners Inc.
("PEP") and Madison Dearborn Partners, LLC for the purpose of effecting the
transactions contemplated by the Definitive Agreement (the "Buyer"). On October
19, 2007, ML IBK Positions, Inc. ("ML IBK") delivered an equity commitment
3
letter to an affiliate of PEP and the Buyer, pursuant to which ML IBK committed,
subject to certain conditions, to purchase (or cause a permitted assignee to
purchase) a minority equity interest in Buyer or Buyer's ultimate parent company
for an aggregate purchase price of CAD$475,000,000, on the same pricing basis as
equity interests to be purchased by Teachers', PEP and affiliates of Madison
Dearborn Partners, LLC and their respective affiliates.
ITEM 5. INTERESTS IN THE SECURITIES OF THE ISSUER.
ITEM 5 IS AMENDED TO ADD THE FOLLOWING:
(a) and (b) As of the date of this Amendment, Teachers' is the beneficial
owner of 50,802,638 Common Shares, representing approximately 6.3% of the Common
Shares outstanding, which percentage is calculated based upon 804,824,883 Common
Shares reported to be outstanding by the Issuer as of August 10, 2007, as
disclosed in the Issuer's Form 6-K filed on August 14, 2007. Teachers' has sole
voting and dispositive power with respect to all of the Common Shares
beneficially owned by it.
As a result of the matters described in Item 4 above, Teachers' may be
deemed to constitute a "group," within the meaning of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended, with ML IBK and or one or more of
its affiliates (each, a "Merrill Lynch entity" and, collectively, the "Merrill
Lynch entities"). As described below, it is possible that Teachers' and each of
the Merrill Lynch entities may be deemed to beneficially own all of the Common
Shares beneficially owned by each Merrill Lynch entity.
To the knowledge of Teachers', the Merrill Lynch entities collectively
beneficially owned 7,550,583 Common Shares as of October 18, 2007. Teachers' and
the Merrill Lynch entities would collectively beneficially own, in the
aggregate, approximately 7.2% of the issued and outstanding Common Shares (based
on the number of 804,824,883 shares of Common Shares outstanding as of August
10, 2007 as disclosed in the Issuer's Form 6-K filed on August 14, 2007).
Teachers' hereby disclaims beneficial ownership of Common Shares owned by any
Merrill Lynch entity.
(c) Except as set forth above or in the attached Schedule A, Teachers' has
not effected any transaction in Common Shares during the 60 days preceding the
date of this Amendment. All such transactions were effected in the open market,
unless otherwise noted.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Please see Item 4 above.
4
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 25, 2007
ONTARIO TEACHERS' PENSION PLAN BOARD
By: /s/ Claude Lamoureux
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Name: Claude Lamoureux
Title: President and Chief Executive
Officer
5
SCHEDULE A
Directors, Executive Officers, and Controlling Persons of Ontario Teachers'
Pension Plan Board ("Teachers'"), each of whom is a citizen of Canada.
-------------------- ----------------------------------- ---------------------------------------
NAME RESIDENCE OR BUSINESS ADDRESS OCCUPATION OR EMPLOYMENT
-------------------- ----------------------------------- ---------------------------------------
Jill Denham 36 Bayview Wood Former Vice-Chair, CIBC Retail Markets
(Board member) Toronto, ON M4N 1R7
-------------------- ----------------------------------- ---------------------------------------
Helen Kearns 71 Hudson Drive President of R.S. Bell & Associates
(Board member) Toronto, ON M4T 2K2
-------------------- ----------------------------------- ---------------------------------------
Hugh Mackenzie 418 Markham Street Economic Consultant
(Board member) Toronto, ON M6G 2L2
-------------------- ----------------------------------- ---------------------------------------
Louis Martel Greystone Managed Investments Inc. Senior Vice-President, Greystone
Managed Investments Inc.
(Board member) Canada Trust Tower, BCE Place
Toronto, ON M5J 2S1
-------------------- ----------------------------------- ---------------------------------------
Guy Matte 7083 Notre-Dame Former Executive Director of the
Association des enseignantes et des
(Board member) Orleans, ON K1C 1J1 enseignants franco-ontariens
-------------------- ----------------------------------- ---------------------------------------
Eileen Mercier 199 Cranbrooke Avenue President, Finvoy Management Inc.
(Chairperson) Toronto, ON M5M 1M6
-------------------- ----------------------------------- ---------------------------------------
Sharon Sallows 40 Edgar Avenue Partner, Ryegate Capital Corporation
(Board member) Toronto, ON M4W 2A9
-------------------- ----------------------------------- ---------------------------------------
William Swirsky 71 Constance Street Vice-President, Canadian Institute of
Chartered Accountants
(Board member) Toronto, ON M6R 1S5
-------------------- ----------------------------------- ---------------------------------------
-------------------- ----------------------------------- ---------------------------------------
Jean Turmel Perseus Capital Inc. President, Perseus Capital Inc.
(Board member) 1155 Metcalfe St., 1st floor
Montreal, Quebec H3B 5G2
-------------------- ----------------------------------- ---------------------------------------
Roger Barton 5650 Yonge Street, 5th Floor Vice-President, General Counsel &
Secretary of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Robert Bertram 5650 Yonge Street, 5th Floor Executive Vice-President, Investments
of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
John Brennan 5650 Yonge Street, 5th Floor Vice-President, Human Resources &
Public Affairs of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Russ Bruch 5650 Yonge Street, 5th Floor Vice-President Investment Operations
& Chief Information Officer of
Toronto, ON M2M 4H5 Teachers'
-------------------- ----------------------------------- ---------------------------------------
Stephen Dowd 5650 Yonge Street, 5th Floor Vice-President, Infrastructure of
Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Zev Frishman 5650 Yonge Street, 5th Floor Vice-President, Structured Portfolios
& External Managers of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Brian Gibson 5650 Yonge Street, 5th Floor Senior Vice-President, Public
Equities of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Dan Houle 5650 Yonge Street, 5th Floor Vice-President, Business Solutions
Investment I&T of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
-------------------- ----------------------------------- ---------------------------------------
Wayne Kozun 5650 Yonge Street, 5th Floor Vice-President, Tactical Asset
Allocation, of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
-------------------- ----------------------------------- ---------------------------------------
Claude Lamoureux 5650 Yonge Street, 5th Floor President and Chief Executive Officer
of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Jim Leech 5650 Yonge Street, 5th Floor CEO Designate, Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Peter Maher 5650 Yonge Street, 5th Floor Vice-President Audit Services of
Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Rosemarie McClean 5650 Yonge Street, 5th Floor Senior Vice-President Member Services
of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
7
-------------------- ----------------------------------- ---------------------------------------
David McGraw 5650 Yonge Street, 5th Floor Vice-President and Chief Financial
Officer of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Dean Metcalf 5650 Yonge Street, 5th Floor Vice-President, Teachers' Private
Capital of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Ron Mock 5650 Yonge Street, 5th Floor Vice-President, Alternative
Investments of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Phil Nichols 5650 Yonge Street, 5th Floor Vice-President, IT Member Services of
Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Neil Petroff 5650 Yonge Street, 5th Floor Group Senior Vice-President
Investments of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Sean Rogister 5650 Yonge Street, 5th Floor Senior Vice-President Fixed Income &
Tactical Asset Allocation of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Lee Sienna 5650 Yonge Street, 5th Floor Vice-President, Teachers' Private
Capital of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Andrew Spence 5650 Yonge Street, 5th Floor Vice-President and Chief Economist of
Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Erol Uzumeri 5650 Yonge Street, 5th Floor Senior Vice-President, Teachers'
Private Capital of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Alan Wilson 5650 Yonge Street, 5th Floor Vice-President, Fixed Income Credit
of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Rosemary Zigrossi 5650 Yonge Street, 5th Floor Vice-President, Venture Capital of
Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------
Barb Zvan 5650 Yonge Street, 5th Floor Senior Vice-President Asset Mix &
Risk of Teachers'
Toronto, ON M2M 4H5
-------------------- ----------------------------------- ---------------------------------------