Re: What has happened to the Canadian BCE shares?

Jedi wrote on 1/31/08 9:33 AM:

I have owned the BCE shares for over a year. A few months ago, I
heard that the the Ontario Teachers would buy all BCE shares at about
$42 per share in Feb or March this year.

Earlier today, BCE dropped to about $34 per share. Why? Isn't the
BCE share will be sold at $42 each in a few weeks? Is the deal not
going through?


Thanks.

BCE Inc.'s (BCE, C$34.95, -C$1.35, -3.7%) shares are lower after Blackstone
Group LP (BX) warned Alliance Data Systems Corp. (ADS) that it probably
won't complete its $6.4B buyout of the company because of burdesome
requirements of a U.S. banking regulator. Analysts say the warning
highlights the uncertainty of BCE's pact to be acquired by a leveraged
buyout group led by Ontario Teachers' Pension Plan (OTP.YY).

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