johnny from canada

Does the Clear Channel Settlement Spell Trouble for BCE?

I agree with Mr. McQueen. RIM is just one of many venues for easier money than the BCE deal. The bondholders can still drag this on for at least six months by appealing to the Supreme Court, the banks may stall for a better deal and the list goes on. The number of potential roadblocks just does not merit hard earned funds remaining on the table in this stinking deal. It was handled poorly from the beginning...rather like the telephone service Bell sometimes gives. However the fault is with Teachers in this case who failed to honestly deal with the bondholders grievances and with the banks difficult position. Teachers answer has been to litigate. That is great news for their lawyers but really lousy for shareholders who with this deal have the patience of a saint! The truly laughable aspect of this deal has been the number of hedge funds in the USA who have been scrutinizing and chasing this deal as though it were the last one on earth. I have learned from this one that they are not as sophisticated or smart as they have pretended to be!