RE: RE: BrilliantI wonder what price shareholders would be willing to accept in this environment, given all that has happened.
Not that it's likely (or able) to get repriced NOW - but I was just wondering to myself what an acceptable number would be. $35?
Let's be honest...$42.75 in the BEST of times was overreaching. $40 was probably what they should have been paying orignally. I think about $33-$35 would be the right number if someone came along to buy them today.
Now we will have to see how bad the recession gets and how poorly or well BCE can perform. Time for Cope to put his money where his mouth is. Obviously Teachers wants BCE to perform well, so at least they are on the Joe Shreholder side in that way.
The banks and the purchasers must be celebrating.
It just seems an awful shame that Teachers will not have to pay the $1.2B. All that time and emotional heatache that shareholders went through - and BCE has nothing to show for it? That's nuts.
Once the deal is officially killed, they will of course reinstate the dividends. Perhaps they will payout the skipped dividends too (I hope not - since I'm short the long-term puts). Unlike the longs, my downside wont' be determined until quite some time from now. Hard to decide if that'll be better or worse. heheh. Stock market will probably be in much better shape a year from now, but I'm not so sure about BCE's SP a year from now.