Facing a "do or die" deadline of June 30 to pull off the largest buyout in history, Bell Canada (BCE) this week said it's accelerating the process by which Canada's Supreme Court could hear an appeal of a lower court's decision.

BCE reported Monday that the Supreme Court said in order to request a fast appeal, the company must file a request with the court by May 28 and that responses to that filing must be submitted by May 30. The court would then hear the appeal June 17, probably in time for a decision to be announced before the June 30 deadline. BCE said the deal is also dependent on the high court reversing a ruling by the Quebec Court of Appeal that said the takeover isn't fair to bondholders.

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