Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Canadian Economy

Thread Tools Display Modes
Old 12-11-2008, 04:02 PM
Canadian Canadian is offline
Senior Member
Join Date: Jun 2008
Posts: 415
Default Takeover of BCE, officially dead!

The biggest leveraged buyout in history, which was supposed to take the largest Canadian telecom company BCE (parent of Bell Canada) private is dead.

The deal fell through because the review by the accounting firm KPMG found that BCE doesn't meet the solvency tests required by the privatization agreement.

Bell Canada has been gouging Canadian consumers for decades and I'm really happy that the deal didn't go through .
Bear with me please
Reply With Quote
Old 12-16-2008, 04:46 PM
trent trent is offline
Senior Member
Join Date: Jun 2008
Posts: 387

The credit markets are nearly frozen and mergers and acquisitions have come to a halt. Now many companies will find out that they will have to actually start earning money without relying on much credit, instead of being paper tigers.
No debt
Reply With Quote
Old 12-18-2008, 02:06 PM
Jason Jason is offline
Join Date: Jul 2008
Posts: 64

When there is credit contraction many businesses suffer, as they cannot finance their day-to-day operations. When a business suffer it looks to cut expenses and the easiest way to do that is to let people go. When unemployment goes up, people lose confidence in the system and the economy and cut their spending, which further affects negatively already suffering businesses. It's a vicious circle, and the sooner credit markets start functioning smoothly, the better for all of us.
Reply With Quote
Old 12-19-2008, 07:41 PM
dreamy dreamy is offline
Join Date: Jun 2008
Posts: 34

So this is why they have changed their logo. I was wondering why... they remind me of Rogers in so many ways.... Big monopolist
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT. The time now is 11:52 PM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2021, vBulletin Solutions, Inc.