Ack. It’s gonna be a long summer
The $34.8-billion buyout of BCE Inc. is in trouble as investment banks financing the deal seek to renegotiate lending terms, the New York Times reported on Monday.
Shares of BCE fell $2.20, or 5.7%, to $36.61 at midday trading on the New York Stock Exchange.
I have a crapload of shares just sitting there, depreciating like day-old bread.
In the coming months we will learn BCE was suffering from the same disease that inflated Northern Telecom stock.
Comment by WL Mackenzie Redux — May 20, 2008 @ 11:57 am