Spin docs busy at BCE deal central

1 response

  1. bruce says:

    Two additional items on the banks’ comments:

    1. Citgroup and Deutsche Bank both failed to honour their commitment to the Clear Channel buyout, if you define “honour” as meet the terms of the original agreement… obviously the Globe’s source considers providing funding under new terms as an acceptable notion of meeting a commitment.

    2. In the Clear Channel case, the banks repeatedly insisted they were prepared to meet the terms of their commitment and the only matters to be resolved were the details of the final agreement.

    The evidence to date is that they are following the same playbook…

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