BCE (BCE/NYSE) moved another step closer to completing its C$52 billion (US$52.4 billion) buyout after a Quebec judge dismissed a lawsuit Friday by a group of bondholders opposed to the deal.
Bloomberg reports the deal is expected to close next quarter -- though the bondholders bringing the lawsuit may appeal.
I continue to hold this position (aside from the partial sale reported here previously) because the deal is likely to go through. And BCE's payout rewards those of us waiting in the meantime. As I've said before, right now I view the BCE holding as a "quasi-cash" position. I could be proved wrong in taking that view, but there you go.
I'm holding BCE to the bitter end as well.
Just want to offer you some kudos on this blog. Of all the pf blogs I read; I enjoy your views and writing the most. Keep it up.
Posted by: Philip the Magnificent | March 08, 2008 at 10:11 AM
Philip: Thanks for the kudos, you're very kind and I'm flattered. I'll do my best to keep this blog worthy of your continued readership.
Posted by: John | March 08, 2008 at 11:08 PM