Archive for May 25th, 2008
Class Action comes next on BCE
25 May 2008BCE Takeover Part 38
According to a news report, BCE’s management and Board of Directors rebuffed an opportunity to settle their dispute with BCE bondholders. In hindsight, this ~$200 million decision certainly looks foolish as BCE’s $51 billion LBO now lies in the intensive care ward.
It doesn’t even fall into the category of “penny-wise and [...]