Dirkyp

BCE Takeover: An Opportunity for Opportunism at Teachers?

Think it through:

1) Teachers buys a bunch more stock in the $35 range.
2) Banks walk away/go bust/ or have the British gov't (RBS) or US gov't (Citi) legally let them off the hook
3) Deal falls apart
4) Shares go to $25
5) Teachers loses $10/share on the shares they already own PLUS the $10 per share on the shares they just bought PLUS the $1 Billion break fee.

Try explaining that outcome to the school teachers whose retirement is in your hands.

I think Teachers would argue that they have enough exposure to BCE as it is.