Wednesday, November 26, 2008
Hmm should I sell out or be bailed out
BCE announced today that due to analysis by KPMG on the future solvency of the proposed new private company, the deal would not be allowed to proceed.
The solvency opinion is a condition to the closing of the transaction and one that BCE originally put into the deal.
BCE only has until December 11th to try and work with KPMG on a re-evaluation and many experts believe the deal is now dead.
Maybe BCE sees better funding options on the horizon.
Just a thought.
Reference The Guardian
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