RE: RE: RE: BuyBell?I'm long BCE. I'm 95% sure this deal will close. 5% reserved for other shoes that may drop. I'm still worried about Citigroup despite the announcement today. The reason is they already received billions before, the ceo said last week they were fine and don't need anymore fed money then they take more this morning. To me, that's fishy. CEO should not be lying in this serious situation. What esle is he hiding? Either he needs money or he doesn't. So when is enough money enough? Worries me that they may need even more. And Deutsche Bank looks like a wild card now. "Deutsche Bank rethinks strategy as crisis deepens" "The German bank, which had initially managed to duck the worst of the financial storm, is seeing frigid markets sap earnings"
https://www.reuters.com/article/mergersNews/idUSLO32156020081124
So then we might be looking a bailout from the German government. Would they be as quick to respond as the US. No clue.
If the deal were delayed, IMO, they would have to pay us some kind of interest eg. $43 or $43.5 per share etc depending on how long it was pushed out. As a shareholder that is what I would expect. Whether I would get that or not is another story. I'm not sure they can legally delay it anyway. Not sure what "legal" matters though. If the Teacher's consortium opts to break, the $1.2B break fee is peanuts and IMO would not deter them. I don't hink the banks would be overly deterred by lawsuits. They have way more to worry about than that right now.
Again, likely will happen. but also likely a wild ride to the end.
My thinking is if I see $39 (made enough, not worth the extra risk) I will sell. Also if it goes below $36 (too close to closing date, shouldn't be that low, somebody knows something I don't) again I will sell. Otherwise I will just hang on.