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  • seagram_turkeys seagram_turkeys Dec 8, 2008 4:37 PM Flag

    Bloomberg: Solvent by PriceWaterhouse... LINK

    >>
    from KPMG LLP, or another nationally recognized
    valuation firm
    >>

    The word "or" is interesting since KPMG is not the final word!

    It will be very messy indeed!

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    • Yes, but it's Teachers' choice. BCE just has to agree. So Teachers could argue that they chose KPMG and BCE agreed, so that's that. But...that would be a helluva tough argument to make in light of another nationally recognized firm says they would be solvent.

      Again, it boils down to how cooperative the buyers will be.

      Man, I wish they'd find a way to lower the price. The buyers would be much happier, the banks would be much happier, and shareholders would still be very happy to get high $30's rather than the current SP. There *HAS* to be a way to effectively lower the price without doing a new deal.

      Anyways...let's just PRAY that this story is true! ANd if it isnt', please God, dont' let BCE issue a denial before market open tomorrow! heheheh

      • 5 Replies to slickvguy
      • Accounting is an art and not exact science even though it is all about money!

        Given KPMG report to any accounting firm and with the right kind of incentive, a positive opinion can be obtained in a heartbeat by certain "adjustment", the other word is "creative accounting".

        It will be very very messy indeed with another round of litigation!

      • I have a lot of BCE shares and I would not be happy if they lower the price. You'll get your 42.75 eventually through dividends and share price appreciation. I can do without a big tax liability if the purchase premium is under a $40 sell price. A today price of $25 or $35 makes no difference to the share price in 5 years.

    • all a set up for insiders friends, to load up cheap shares before close..

      Teachers are a smart bunch..
      ho!

 
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