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Originally Posted by I-Hate-Hulse
Uhh - speaking from someone who's been through such deals, you do know that the BCE privatization has some questions marks around it? The Street is extremely unreceptive to debt right now, and it remains to be seen if the bid group can raise enough of it for the deal to go through. Not saying it won't go through, but don't count on it as sure thing.
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I have been hearing of some rumblings of this to. I've heard the back out clause is huge though, somewhere in the area of 800 million. Even if they do back out, you could always see telus step in and probably buy only a few dollars off from the price the teachers were offering. In the meantime you are making a pretty nice dividend.
TSX down over 400 points now. I knew i should have bought some options yesterday! Or at the very least sold short.