The Rape of Ole Ma BellThe takeover price was too high and a way out was needed. So Ms Glass compared what was to what is now and not necessarily anything peculiar to BCE but would apply to any firm in the present market condition.
Her aim was to get the banks off the hook completely. The solvency clause could have been negated by BCE lowering the takeover strick price by 5.00 to allow the absorbion of the pension underinvestment.Where the OPT and banks get their money is their problem.OPT has been running Bell for months they put in their own people and took away our dividend(we old pensioners bread and butter) and then said we dont want to play anymore the markets are too bad.!