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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.

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Only a single comment - What to add one below? »

  1. 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

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