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
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.