Results tagged “supreme court of canada” from IP Communications and Technology
Yesterday, the Supreme Court of Canada ruled that the BCE takeover by the Ontario Teacher' Pension Plan could move forward overruling a previous Quebec court decision in favour of the BCE bondholders. The bondholders have been opposed to the deal arguing that the high price tag and heavy debt burden associated with the deal will dramatically decrease the value of their bonds.
Now, the focus will shift back towards the financial aspects of the takeover. Market conditions have changed considerably since the initial conditions of the deal were put together. The odds that all of the original players who are putting up the cash and financing the debt will proceed with the original terms are slim. Look for many more twists and turns before this deal finally closes.
Stumble It!
Now, the focus will shift back towards the financial aspects of the takeover. Market conditions have changed considerably since the initial conditions of the deal were put together. The odds that all of the original players who are putting up the cash and financing the debt will proceed with the original terms are slim. Look for many more twists and turns before this deal finally closes.
Stumble It!
