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).
