Are sad days ahead for BCE shareholders?

4 responses

  1. Transcanada says:

    I think there is more upside than downside to this deal in view of the stapled security deal by Catalyst Asset Managementvalued at 42.75

    My question is why didn’t the BCE special committee disclose the Catalyst deal to stakeholders last summer? They were mandated to do so but didn’t…


  2. Duncan says:

    Hi Mark,

    Great post — I think it is really important that you own up to the possibility of a previous view being modified. Too many blogs display zero accountability or forgetfulness when wrong, and I admire your forthrightness.

    And I agree that the specificity of your story lends it credence. It also is supported by the BCE stock quote — it would be weird if markets were that wrong for that long on the probability of this deal being done at the original price.

  3. Mark McQueen says:

    my thought would be that the board had to determine what the prospect would be of the federal government going along with the stapled share idea. If it was seen to be a way to undercut the tax laws, then they might have been forced to assume it wouldn’t be overturned.

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