The $50 billion takeover of Bell Canada appears to be on track to close by Dec. 11 — easing investor fears that the largest leveraged buyout in history would become another victim of the global financial crisis.

Teachers Private Capital, Madison Dearborn Partners, Providence Equity Partners and Merrill Lynch Global Private Equity teamed up to buy Bell Canada’s parent, BCE, in June of last year, and investors have fretted ever since as they watched other large transactions struck during the buyout boom fall apart as banks and private equity firms backed away from their original deals.

via Mergers, Acquisitions, Venture Capital, Hedge Funds — DealBook - New York Times