Archive for November 30th, 2008
Globe Incubator panel reviews ImaSight
30 November 2008Where to begin? The Globe and Mail’s Incubator panel was recently given the task of sizing up a tech company called ImaSight. It is experiencing all of the classic challenges of a reverse takeover into a TSX Venture Exchange listing:
- capital constrained;
- didn’t raise nearly enough money via the public offering;
- suffering now [...]
Forget the break fee, BCE Board should take $36 instead
30 November 2008BCE Takeover Part 46
With so many investment banks advising on each side of the BCE LBO, each of whom stood to gain tens of millions of dollars in fees should the largest going-private in the world eventually close, why did none of them figure out that BCE wouldn’t be “solvent” under the proposed capital structure? [...]