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2008-05-22 — bloomberg.com
BCE Inc. plunged the most in 25 years in Toronto trading as investors bet the Canadian phone company's record C$52 billion ($52.9 billion) leveraged buyout will collapse or be renegotiated at a lower price. BCE fell 12 percent after bondholders won an unexpected court ruling yesterday, letting them challenge the buyout because BCE didn't take their interests into account. BCE agreed to a C$42.75-a-share offer from a group led by the Ontario Teachers' Pension Plan in June. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |