Archive for June 26th, 2007
Bear Stears catches subprime cough, Australian corporate bonds get a cold
26 June 2007Over the past few months, we’ve attempted to share with you plenty of facts and perspectives surrounding what we feared could be the interplay between U.S. subprime mortgages and the broader corporate debt market. The constant focus on this stuff might have been a trifle boring to our equity friends, but as you saw [...]
Genuity research has a theory on Telus going AWOL
26 June 2007While few people actually know what really happened, Genuity’s telecom and cable research analyst has put forward a decent approach to the question, what happened to the Telus (T:TSX) bid for BCE (BCE:TSX)?:
“TELUS announces that it has NOT bid for BCE – TELUS announced just before the open today that it has elected not to [...]
Telus shocks, Teachers can only smile
26 June 2007Figure this out (via Reuters):
TORONTO, June 26 -Telus Corp. (T:TSX) said on Tuesday it will not submit an offer to acquire rival telecommunications firm BCE Inc. (BCE:TSX).
Telus, which revealed it was in talks to acquire BCE last Thursday, said the “inadequacies of BCE’s bid process did not make it possible for TELUS to submit an [...]
Telus shows gumption – bank CEOs should take note
26 June 2007If Prime Minister Harper truly believes that it is up to the Competition Bureau – and only the Bureau – to opine on the wisdom of a Telus / BCE merger, then one has to ask the obvious question: how do you feel about Canada’s chartered banks (see prior post “BCE Takeover part 11“, June [...]