"A settlement to the Clear Channel (NYSE: CCU - News) mess that will see the banks fund the deal at $36 per share is near at hand, reports WSJ. The final price is lower than the original deal terms, which valued the company at $39.20 per share ..."
The settlement is not good to the BCE deal. There was a 8% drop in the CCU deal price.
The fact the CCU settlement is going through gives a green light to BCE. I don't see BCE being repriced at this stage, and there are very VERY few bank problems left anymore that to stear the markets lower. The interesting thing is that even the most bullish folk buying bank stocks last July have pretty much recovered what they lost in the interim, and likely added more at a lower price!
Yes the stock market fell from last July, but look at how fast it recovered just since March!!!!