Canadian Law: No Friend to LBOs - Finance Blog - Felix Salmon - Market Movers - Portfolio.com

Canadian Law: No Friend to LBOs - Finance Blog - Felix Salmon - Market Movers - Portfolio.com The news out of Quebec today really is quite stunning: a court has held that bondholders in Canada can effectively block a leveraged buy-out if their bonds will be downgraded to junk (as most are, in such situations).

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