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Forums » O Canada! » Canadian » TekSavvy » Telus-Bell Merge Rumor - Say Whaaaaaaat!?!?
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hmm no

@videotron.ca

reply to l0thar
Re: Telus-Bell Merge Rumor - Say Whaaaaaaat!?!?

said by l0thar See Profile :

Telus wanted to buy BCE back when they put it up for sale; lost to the Teachers bid, which thankfully didn't close in the end (at an inflated share price, it would be a bad move for the pension plan).

So, I wouldn't be surprised if they tried again.
They didn't lose the bid.

Bell closed the accounting books on them and wouldn't let them review claims of how much Bell is actually worth.

Telus had to back out of a multi-billion dollar deal.

Would you bid on a company if they closed the books on you?

Then the teachers fund/KPMG determined Bell wasn't worth the money and didn't pass a solvency test.

So it's not a matter of them losing a bid, its a matter of Bell not allowing them the opportunity to review the figures Bell presented to everyone.

Big difference.
to forum · permalink · 2009-07-05 15:46:05 · Reply to this
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