reportonbusiness.com: BCE FAQs
reportonbusiness.com: BCE FAQs BCE FAQs ANDREW WILLIS
Who exactly threw up this roadblock to the BCE buyout?
A collection of blue life insurers and money managers that own $1.4-billion BCE bonds sued to block the buyout, as the prospect of a debt-heavy company hammered the price of bonds they own. The Quebec Court of Appeal agreed Wednesday that the buyout wasn’t fair to these bondholders.
BCE has a total of $5.1-billion of outstanding corporate bonds, and the planned buyout would add another $34-billion of debt.
